Harbor Capital Advisors Inc. Buys 11,224 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Harbor Capital Advisors Inc. lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 101.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,323 shares of the construction company’s stock after buying an additional 11,224 shares during the period. Harbor Capital Advisors Inc. owned about 0.06% of Comfort Systems USA worth $8,714,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of Comfort Systems USA by 9.3% in the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after acquiring an additional 32 shares during the period. GAMMA Investing LLC lifted its position in Comfort Systems USA by 13.6% in the second quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock worth $107,000 after purchasing an additional 42 shares during the period. V Square Quantitative Management LLC lifted its position in Comfort Systems USA by 59.5% in 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 period. First Trust Direct Indexing L.P. boosted its stake in Comfort Systems USA by 5.8% during the third quarter. First Trust Direct Indexing L.P. now owns 869 shares of the construction company’s stock worth $339,000 after buying an additional 48 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in Comfort Systems USA by 9.8% in the 2nd quarter. Caprock Group LLC now owns 705 shares of the construction company’s stock valued at $214,000 after buying an additional 63 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $392.31 on Friday. The business has a 50 day simple moving average of $376.75 and a 200 day simple moving average of $338.49. 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 company has a market capitalization of $13.96 billion, a PE ratio of 30.02 and a beta of 1.13. Comfort Systems USA, Inc. has a one year low of $183.23 and a one year high of $424.63.

Comfort Systems USA (NYSE:FIX) last issued 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 company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.74 EPS. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be issued 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 is Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.36%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 9.18%.

Insider Activity

In related news, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the sale, the chairman now directly owns 106,498 shares in the company, valued at $41,553,389.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 transaction of $4,682,160.00. Following the transaction, the chairman now owns 106,498 shares in the company, valued at $41,553,389.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 5,845 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the completion of the sale, the chief financial officer now owns 55,099 shares of the company’s stock, valued at $18,301,683.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,091 shares of company stock worth $13,812,015. Insiders own 1.80% of the company’s stock.

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.