GSA Capital Partners LLP Trims Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

GSA Capital Partners LLP lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 21.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,711 shares of the construction company’s stock after selling 475 shares during the quarter. GSA Capital Partners LLP’s holdings in Comfort Systems USA were worth $668,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hollencrest Capital Management purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Comfort Systems USA during the 3rd quarter valued at approximately $38,000. Opal Wealth Advisors LLC bought a new position in shares of Comfort Systems USA during the 2nd quarter valued at approximately $41,000. V Square Quantitative Management LLC grew its stake in shares of Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after acquiring an additional 47 shares during the period. Finally, Contravisory Investment Management Inc. grew its stake in shares of Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 1.4 %

FIX stock opened at $451.30 on Tuesday. Comfort Systems USA, Inc. has a 1-year low of $185.83 and a 1-year high of $474.62. 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 $16.06 billion, a price-to-earnings ratio of 34.05 and a beta of 1.13. The business has a 50 day simple moving average of $398.73 and a two-hundred day simple moving average of $348.44.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.74 EPS. Research analysts anticipate that Comfort Systems USA, Inc. will post 13.88 EPS 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 0.31%. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

Insider Activity

In related news, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the sale, the director now owns 9,036 shares in the company, valued at approximately $3,699,880.56. This represents a 21.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now owns 204,205 shares in the company, valued at $91,663,540.40. The trade was a 6.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,746 shares of company stock worth $14,684,140. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. Stifel Nicolaus assumed coverage on Comfort Systems USA in a research note on Friday. They set a “buy” rating and a $524.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $376.00.

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.