Comfort Systems USA, Inc. (NYSE:FIX) Stock Position Reduced by Point72 DIFC Ltd

Point72 DIFC Ltd trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX) by 68.7% in the third quarter, Holdings Channel.com reports. The fund owned 2,244 shares of the construction company’s stock after selling 4,916 shares during the period. Point72 DIFC Ltd’s holdings in Comfort Systems USA were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hollencrest Capital Management acquired a new position in Comfort Systems USA in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $38,000. Opal Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA during the 2nd quarter valued at about $41,000. V Square Quantitative Management LLC grew its position in shares of Comfort Systems USA by 59.5% during 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, True Wealth Design LLC acquired a new stake in Comfort Systems USA during the third quarter worth about $53,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $497.14 on Friday. Comfort Systems USA, Inc. has a 12-month low of $186.37 and a 12-month high of $510.79. 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 capitalization of $17.69 billion, a price-to-earnings ratio of 38.04 and a beta of 1.18. The business has a 50 day simple moving average of $434.56 and a 200 day simple moving average of $363.39.

Comfort Systems USA (NYSE:FIX) last released its quarterly 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 return on equity of 32.74% and a net margin of 7.18%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business posted $2.74 earnings per share. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.35 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.28%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.71%.

Insiders Place Their Bets

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now owns 23,990 shares of the company’s stock, valued at approximately $11,630,591.90. This represents a 14.29 % 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, Director Vance W. Tang sold 2,700 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares of the company’s stock, valued at $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by corporate insiders.

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.