Bridgewater Associates LP Has $6.14 Million Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Bridgewater Associates LP boosted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 53.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,718 shares of the construction company’s stock after purchasing an additional 5,442 shares during the period. Bridgewater Associates LP’s holdings in Comfort Systems USA were worth $6,136,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FIX. Tidal Investments LLC increased its stake in shares of Comfort Systems USA by 22.2% in the first quarter. Tidal Investments LLC now owns 6,199 shares of the construction company’s stock valued at $1,969,000 after buying an additional 1,125 shares during the period. iA Global Asset Management Inc. bought a new position in shares of Comfort Systems USA during the first quarter valued at $483,000. Atria Investments Inc acquired a new position in shares of Comfort Systems USA during the first quarter worth $1,192,000. Cetera Investment Advisers grew its stake in shares of Comfort Systems USA by 75.5% in the first quarter. Cetera Investment Advisers now owns 6,122 shares of the construction company’s stock worth $1,945,000 after purchasing an additional 2,633 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in Comfort Systems USA in the first quarter valued at $971,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $493.27 on Friday. The stock has a market capitalization of $17.56 billion, a price-to-earnings 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 debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock’s 50 day moving average price is $426.20 and its two-hundred day moving average price is $358.72.

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 for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm earned $2.74 earnings per share. Comfort Systems USA’s revenue was up 31.5% on a year-over-year basis. On average, equities analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared 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 annualized dividend and a yield of 0.28%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is presently 10.71%.

Analyst Upgrades and Downgrades

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

Insider Activity

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 shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the transaction, the director now directly owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,200 shares of company stock worth $15,431,250 over the last quarter. 1.80% of the stock is currently owned by corporate insiders.

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.