Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,356 shares of the construction company’s stock after selling 248 shares during the period. Thrivent Financial for Lutherans’ holdings in Comfort Systems USA were worth $3,262,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Bayesian Capital Management LP acquired a new position in Comfort Systems USA in the 1st quarter valued at $1,303,000. Tidal Investments LLC raised its holdings in Comfort Systems USA by 22.2% during the first quarter. Tidal Investments LLC now owns 6,199 shares of the construction company’s stock worth $1,969,000 after purchasing an additional 1,125 shares in the last quarter. Comerica Bank lifted its position in Comfort Systems USA by 34.5% in the first quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock valued at $32,956,000 after purchasing an additional 26,616 shares during the period. iA Global Asset Management Inc. purchased a new stake in Comfort Systems USA in the 1st quarter valued at approximately $483,000. Finally, Virtu Financial LLC acquired a new position in Comfort Systems USA during the 1st quarter worth approximately $1,237,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $495.13 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a market cap of $17.62 billion, a price-to-earnings ratio of 37.88 and a beta of 1.13. The company’s 50-day moving average price is $416.37 and its 200 day moving average price is $354.66. Comfort Systems USA, Inc. has a 52 week low of $185.83 and a 52 week high of $500.38.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data 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 net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the company posted $2.74 EPS. The company’s revenue was up 31.5% on a year-over-year basis. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on FIX. Stifel Nicolaus initiated coverage on Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price target on the stock. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday. They set a “buy” rating and a $525.00 price target on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Finally, UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their target price for the stock from $396.00 to $525.00 in a research report on Tuesday, November 19th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $481.00.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the transaction, the insider now directly owns 204,205 shares in the company, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction dated 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 in the company, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock valued at $15,431,250 over the last quarter. Insiders own 1.80% of the company’s stock.

Comfort Systems USA Company 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.