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

Point72 Hong Kong Ltd decreased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 89.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new position in shares of Comfort Systems USA during the 3rd quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Comfort Systems USA during the third quarter worth about $38,000. Opal Wealth Advisors LLC purchased a new position in Comfort Systems USA during the second quarter worth about $41,000. V Square Quantitative Management LLC grew its stake in shares of Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after buying an additional 47 shares during the period. Finally, True Wealth Design LLC purchased a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 1.4 %

Shares of NYSE:FIX opened at $493.27 on Monday. The firm’s 50-day moving average is $426.20 and its two-hundred day moving average is $359.03. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $510.79. The firm has a market capitalization of $17.56 billion, a PE ratio of 37.74 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) 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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business earned $2.74 EPS. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. Analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.35 dividend. The ex-dividend date was Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. Comfort Systems USA’s dividend payout ratio (DPR) is 10.71%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA 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 completion of the transaction, the director now owns 5,498 shares in the company, valued at $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the sale, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 in the last three months. 1.80% of the stock is owned by corporate insiders.

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.