Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Townsquare Capital LLC

Townsquare Capital LLC lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,123 shares of the construction company’s stock after selling 321 shares during the quarter. Townsquare Capital LLC owned about 0.08% of Comfort Systems USA worth $10,978,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FIX. Hollencrest Capital Management purchased a new position in shares of Comfort Systems USA during the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Comfort Systems USA during the 3rd quarter worth $38,000. V Square Quantitative Management LLC boosted its holdings in shares of Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA in the second quarter valued at $41,000. Finally, Contravisory Investment Management Inc. increased its stake in Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Franklin Myers sold 12,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value of $4,682,160.00. Following the sale, the chairman now owns 106,498 shares in the company, valued at approximately $41,553,389.64. This represents a 10.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction that occurred 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 sale, 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 have sold 36,200 shares of company stock valued at $15,431,250 in the last quarter. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Down 3.5 %

Shares of Comfort Systems USA stock opened at $486.65 on Thursday. Comfort Systems USA, Inc. has a twelve month low of $185.83 and a twelve month high of $510.79. The stock has a market cap of $17.32 billion, a price-to-earnings ratio of 37.23 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. The company has a fifty day moving average price of $421.92 and a 200 day moving average price of $356.70.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company’s revenue was up 31.5% on a year-over-year basis. During the same period last year, the business posted $2.74 EPS. Equities 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 company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a dividend of $0.35 per share. This is an increase 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 0.29%. Comfort Systems USA’s payout ratio is 10.71%.

Wall Street Analysts Forecast Growth

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

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.