Algert Global LLC Has $13.36 Million Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Algert Global LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 35.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,219 shares of the construction company’s stock after buying an additional 8,924 shares during the quarter. Algert Global LLC owned about 0.10% of Comfort Systems USA worth $13,357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co grew its holdings in Comfort Systems USA by 14.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 23,896 shares of the construction company’s stock worth $7,594,000 after purchasing an additional 3,059 shares during the period. Shell Asset Management Co. grew its stake in shares of Comfort Systems USA by 36.9% in the 1st quarter. Shell Asset Management Co. now owns 1,581 shares of the construction company’s stock valued at $502,000 after buying an additional 426 shares during the period. Axxcess Wealth Management LLC bought a new stake in Comfort Systems USA in the 1st quarter valued at about $206,000. 1832 Asset Management L.P. acquired a new position in Comfort Systems USA during the 1st quarter worth approximately $2,383,000. Finally, Lazard Asset Management LLC boosted its holdings in Comfort Systems USA by 88.3% in the first quarter. Lazard Asset Management LLC now owns 131,191 shares of the construction company’s stock worth $41,679,000 after acquiring an additional 61,514 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of several recent research reports. Northcoast Research assumed coverage on Comfort Systems USA in a report on Friday. They set a “buy” rating and a $525.00 price objective for the company. 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 target for the company. 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 target price for the stock from $396.00 to $525.00 in a research report on Tuesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average target price of $481.00.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the sale, the director now directly owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. This trade represents a 21.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,746 shares of company stock worth $14,684,140. 1.80% of the stock is owned by company insiders.

Comfort Systems USA Price Performance

FIX opened at $491.21 on Friday. The firm’s fifty day moving average price is $413.47 and its two-hundred day moving average price is $353.50. The company has a market capitalization of $17.48 billion, a price-to-earnings ratio of 37.58 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $494.50.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the firm posted $2.74 EPS. The firm’s quarterly revenue was up 31.5% compared to the same quarter last year. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.29%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) 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.