Point72 Hong Kong Ltd Trims Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Point72 Hong Kong Ltd lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 89.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,268 shares of the construction company’s stock after selling 19,677 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Comfort Systems USA were worth $885,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FIX. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Comfort Systems USA during the third quarter worth about $138,987,000. Millennium Management LLC raised its position in Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after buying an additional 283,416 shares during the last quarter. Jennison Associates LLC lifted its stake in Comfort Systems USA by 6,071.6% during the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after acquiring an additional 173,709 shares during the period. Natixis Advisors LLC lifted its stake in Comfort Systems USA by 871.4% during the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock valued at $51,797,000 after acquiring an additional 119,033 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $29,743,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vance W. Tang sold 2,700 shares of the business’s stock in a transaction that occurred 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 $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Comfort Systems USA Trading Up 1.4 %

Shares of Comfort Systems USA stock opened at $493.27 on Monday. The firm has a 50-day simple moving average of $426.20 and a two-hundred day simple moving average of $359.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a fifty-two week low of $185.83 and a fifty-two week high of $510.79. The company has a market cap of $17.56 billion, a P/E ratio of 37.74 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping 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 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 firm posted $2.74 EPS. Comfort Systems USA’s quarterly revenue was up 31.5% compared to the same quarter last year. As a group, equities analysts predict 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 announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.35 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 0.28%. Comfort Systems USA’s dividend payout ratio (DPR) is 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.