Natixis Advisors LLC Purchases 119,033 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Natixis Advisors LLC increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 871.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,693 shares of the construction company’s stock after purchasing an additional 119,033 shares during the quarter. Natixis Advisors LLC owned approximately 0.37% of Comfort Systems USA worth $51,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in Comfort Systems USA by 61.2% during the first quarter. SG Americas Securities LLC now owns 1,725 shares of the construction company’s stock valued at $548,000 after buying an additional 655 shares during the period. Sei Investments Co. raised its stake in Comfort Systems USA by 3.4% during the first quarter. Sei Investments Co. now owns 27,548 shares of the construction company’s stock valued at $8,753,000 after buying an additional 912 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Comfort Systems USA by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 34,625 shares of the construction company’s stock worth $11,003,000 after acquiring an additional 754 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Comfort Systems USA in the first quarter worth $313,000. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of Comfort Systems USA by 14.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,585 shares of the construction company’s stock valued at $3,681,000 after acquiring an additional 1,470 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity

In other Comfort Systems USA news, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO William George III sold 5,845 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the sale, the chief financial officer now owns 55,099 shares of the company’s stock, valued at $18,301,683.84. This represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,591 shares of company stock valued at $16,625,615. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FIX. Stifel Nicolaus started coverage on shares of Comfort Systems USA in a research report on Friday. They set a “buy” rating and a $524.00 price target for the company. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average target price of $376.00.

Comfort Systems USA Stock Up 1.3 %

NYSE:FIX opened at $445.02 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market cap of $15.84 billion, a PE ratio of 34.05 and a beta of 1.13. The company has a 50-day moving average of $398.73 and a 200 day moving average of $347.84. Comfort Systems USA, Inc. has a 1-year low of $185.83 and a 1-year high of $474.62.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 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 the consensus estimate of $1.84 billion. During the same period in the previous year, the firm posted $2.74 earnings per share. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.35 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.31%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is 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.