Eagle Asset Management Inc. Has $2.95 Million Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Eagle Asset Management Inc. trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 14.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,562 shares of the construction company’s stock after selling 1,318 shares during the period. Eagle Asset Management Inc.’s holdings in Comfort Systems USA were worth $2,952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. acquired a new stake in Comfort Systems USA during the third quarter worth about $138,987,000. Millennium Management LLC boosted its position in shares of 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 acquiring an additional 283,416 shares in the last quarter. Jennison Associates LLC increased its stake in Comfort Systems USA by 6,071.6% in the third 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 last quarter. Natixis Advisors LLC raised its position in Comfort Systems USA by 871.4% during the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock valued at $51,797,000 after purchasing an additional 119,033 shares in the last quarter. Finally, Swedbank AB bought a new stake in Comfort Systems USA during the first quarter worth $31,771,000. 96.51% of the stock is currently owned by institutional investors.

Insider Activity at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated 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 sale, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA 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 completion of the transaction, the director now directly owns 5,498 shares in the company, valued at approximately $2,144,220. This represents a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock worth $15,431,250 over the last three months. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $495.13 on Tuesday. The stock has a 50-day moving average price of $416.37 and a two-hundred day moving average price of $354.66. Comfort Systems USA, Inc. has a 12 month low of $185.83 and a 12 month high of $500.38. The company has a market capitalization of $17.62 billion, a PE ratio of 37.88 and a beta of 1.13. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.84 billion. During the same quarter last year, the business earned $2.74 EPS. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. Analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.35 dividend. 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 dividend yield of 0.28%. Comfort Systems USA’s payout ratio is currently 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.