Cynosure Group LLC Sells 358 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Cynosure Group LLC lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 15.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,980 shares of the construction company’s stock after selling 358 shares during the period. Cynosure Group LLC’s holdings in Comfort Systems USA were worth $773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new stake in Comfort Systems USA during the third quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $38,000. Opal Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA during the 2nd quarter worth approximately $41,000. V Square Quantitative Management LLC boosted its holdings in shares of Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after buying an additional 47 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its stake in shares of Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after buying an additional 85 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Vance W. Tang sold 2,700 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. This trade represents a 32.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the sale, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock worth $15,431,250 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 price target on the stock. UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $396.00 to $525.00 in a report on Tuesday, November 19th. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. Finally, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $481.00.

Comfort Systems USA Trading Up 1.8 %

Shares of NYSE:FIX opened at $504.17 on Wednesday. The stock has a market cap of $17.94 billion, a PE ratio of 38.57 and a beta of 1.13. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12-month low of $185.83 and a 12-month high of $510.79. The business has a 50 day moving average of $419.31 and a 200-day moving average of $355.79.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm posted $2.74 EPS. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

Comfort Systems USA 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.