Citigroup Inc. Acquires 7,379 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Citigroup Inc. boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 65.1% in the third quarter, HoldingsChannel reports. The firm owned 18,711 shares of the construction company’s stock after acquiring an additional 7,379 shares during the period. Citigroup Inc.’s holdings in Comfort Systems USA were worth $7,304,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FIX. Federated Hermes Inc. raised its holdings in shares of Comfort Systems USA by 2.1% in the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after buying an additional 8,578 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Comfort Systems USA during the 3rd quarter worth about $138,987,000. Millennium Management LLC increased its position in Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after acquiring an additional 283,416 shares in the last quarter. Jennison Associates LLC raised its stake in shares of 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 worth $68,924,000 after acquiring an additional 173,709 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its position in shares of Comfort Systems USA by 5.8% during the second quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company’s stock worth $46,440,000 after purchasing an additional 8,363 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Comfort Systems USA Trading Up 1.4 %

Shares of FIX stock opened at $493.27 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $185.83 and a fifty-two week high of $510.79. The stock’s fifty day moving average price is $426.20 and its two-hundred day moving average price is $358.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $17.56 billion, a PE ratio of 37.74 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion during 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 business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.74 earnings per share. Equities analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS 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 paid a $0.35 dividend. 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%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is currently 10.71%.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 2,700 shares of the firm’s 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 transaction, the director now owns 5,498 shares in the company, valued at $2,144,220. This trade represents a 32.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO T Mckenna Trent sold 4,000 shares of Comfort Systems USA stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at $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 have sold 36,200 shares of company stock worth $15,431,250 in the last quarter. Company 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.