First Trust Direct Indexing L.P. Buys 48 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

First Trust Direct Indexing L.P. grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 869 shares of the construction company’s stock after buying an additional 48 shares during the period. First Trust Direct Indexing L.P.’s holdings in Comfort Systems USA were worth $339,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of Comfort Systems USA by 24.6% in the first quarter. BNP Paribas Financial Markets now owns 62,094 shares of the construction company’s stock worth $19,728,000 after purchasing an additional 12,253 shares during the period. Capstone Investment Advisors LLC purchased a new stake in Comfort Systems USA in the 1st quarter worth $584,000. FORA Capital LLC bought a new stake in Comfort Systems USA during the first quarter valued at about $1,326,000. Texas Permanent School Fund Corp raised its holdings in Comfort Systems USA by 1.0% during the first quarter. Texas Permanent School Fund Corp now owns 31,166 shares of the construction company’s stock valued at $9,902,000 after acquiring an additional 313 shares during the period. Finally, Duality Advisers LP purchased a new position in shares of Comfort Systems USA in the first quarter valued at about $409,000. 96.51% of the stock is currently owned by institutional investors.

Insider Activity at Comfort Systems USA

In related news, Chairman Franklin Myers sold 12,000 shares of the company’s stock in a transaction on 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 sale, the chairman now owns 106,498 shares of the company’s stock, valued at $41,553,389.64. This represents a 0.00 % 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 link. In other Comfort Systems USA news, Chairman Franklin Myers sold 12,000 shares of the business’s 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 of the company’s stock, valued at $41,553,389.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now directly owns 219,205 shares of the company’s stock, valued at $72,239,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,091 shares of company stock valued at $13,812,015. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Comfort Systems USA Stock Performance

FIX opened at $390.38 on Tuesday. 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 stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 29.87 and a beta of 1.13. The company has a fifty day moving average of $377.81 and a 200 day moving average of $339.45. Comfort Systems USA, Inc. has a fifty-two week low of $183.23 and a fifty-two week high of $424.63.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm posted $2.74 earnings per share. The business’s revenue was up 31.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.35 per share. This is an increase 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 0.36%. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

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.