Catalyst Capital Advisors LLC Takes $853,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Catalyst Capital Advisors LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,185 shares of the construction company’s stock, valued at approximately $853,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Roman Butler Fullerton & Co. boosted its stake in Comfort Systems USA by 1.2% during the third quarter. Roman Butler Fullerton & Co. now owns 4,223 shares of the construction company’s stock worth $1,746,000 after buying an additional 49 shares during the period. Van ECK Associates Corp boosted its position in shares of Comfort Systems USA by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 24,962 shares of the construction company’s stock worth $10,285,000 after purchasing an additional 7,132 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Comfort Systems USA by 101.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 22,323 shares of the construction company’s stock valued at $8,714,000 after purchasing an additional 11,224 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Comfort Systems USA by 19.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 6,200 shares of the construction company’s stock valued at $2,420,000 after purchasing an additional 1,015 shares during the last quarter. Finally, Indie Asset Partners LLC purchased a new stake in Comfort Systems USA in the third quarter valued at approximately $232,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th.

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 5,845 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 55,099 shares of the company’s stock, valued at approximately $18,301,683.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the completion of the sale, the chief financial officer now directly owns 55,099 shares of the company’s stock, valued at approximately $18,301,683.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value of $4,682,160.00. Following the completion of the transaction, the chairman now directly owns 106,498 shares in the company, valued at $41,553,389.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 39,091 shares of company stock valued at $13,812,015 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Trading Up 5.3 %

NYSE FIX opened at $410.99 on Wednesday. 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 firm has a market cap of $14.63 billion, a price-to-earnings ratio of 31.45 and a beta of 1.13. The firm has a 50 day simple moving average of $379.32 and a 200-day simple moving average of $340.30. Comfort Systems USA, Inc. has a one year low of $183.23 and a one year high of $424.63.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm’s revenue was up 31.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.74 EPS. Equities 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 declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.35 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.34%. Comfort Systems USA’s dividend payout ratio is 9.18%.

About Comfort Systems USA

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.