Bank of Montreal Can Has $7.33 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Bank of Montreal Can raised its position in Comfort Systems USA, Inc. (NYSE:FIX) by 95.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 18,802 shares of the construction company’s stock after purchasing an additional 9,160 shares during the quarter. Bank of Montreal Can’s holdings in Comfort Systems USA were worth $7,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in shares of Comfort Systems USA in the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Comfort Systems USA in the 3rd quarter valued at $38,000. Opal Wealth Advisors LLC acquired a new position in Comfort Systems USA in the second quarter worth $41,000. V Square Quantitative Management LLC grew 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. Finally, Contravisory Investment Management Inc. grew its holdings in shares of Comfort Systems USA by 126.9% during the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after purchasing an additional 85 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the completion of the sale, the chief operating officer now owns 23,990 shares in the company, valued at $11,630,591.90. This represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA 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 transaction, the insider now owns 204,205 shares in the company, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is owned by insiders.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $489.53 on Tuesday. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $510.79. The company’s 50-day moving average is $428.25 and its two-hundred day moving average is $360.21. 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 market cap of $17.42 billion, a PE ratio of 37.45 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last announced 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 firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm earned $2.74 earnings per share. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. Equities analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.29%. Comfort Systems USA’s payout ratio is 10.71%.

Analyst Upgrades and Downgrades

FIX has been the topic of several research reports. Stifel Nicolaus initiated 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 on the stock. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. UBS Group raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and increased their price target for the company from $396.00 to $525.00 in a research note on Tuesday, November 19th. 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 analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $481.00.

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.