Point72 Asia Singapore Pte. Ltd. Sells 1,128 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Point72 Asia Singapore Pte. Ltd. decreased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 22.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,798 shares of the construction company’s stock after selling 1,128 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Comfort Systems USA were worth $1,482,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FIX. Atria Investments Inc bought a new stake in shares of Comfort Systems USA during the 1st quarter valued at about $1,192,000. Cetera Investment Advisers boosted its stake in shares of Comfort Systems USA by 75.5% during the 1st quarter. Cetera Investment Advisers now owns 6,122 shares of the construction company’s stock valued at $1,945,000 after purchasing an additional 2,633 shares in the last quarter. Cetera Advisors LLC bought a new stake in shares of Comfort Systems USA during the 1st quarter valued at about $971,000. GAMMA Investing LLC boosted its stake in shares of Comfort Systems USA by 13.6% during the 2nd quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock valued at $107,000 after purchasing an additional 42 shares in the last quarter. Finally, Moody National Bank Trust Division bought a new stake in Comfort Systems USA during the second quarter worth about $216,000. Institutional investors own 96.51% of the company’s stock.

Insider Activity

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the sale, the director now directly owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. This represents a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 over the last three months. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FIX shares. Northcoast Research started coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. Stifel Nicolaus started coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 price objective on the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Finally, UBS Group raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $396.00 to $525.00 in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $481.00.

Comfort Systems USA Stock Up 1.4 %

Shares of Comfort Systems USA stock opened at $493.27 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market capitalization of $17.56 billion, a PE ratio of 37.74 and a beta of 1.13. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $510.79. The company has a 50-day simple moving average of $426.20 and a two-hundred day simple moving average of $359.03.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the company earned $2.74 earnings per share. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.28%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, November 14th. Comfort Systems USA’s payout ratio is presently 10.71%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.