Oppenheimer & Co. Inc. Makes New $257,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Oppenheimer & Co. Inc. bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 658 shares of the construction company’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FIX. Federated Hermes Inc. lifted its position in 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 purchasing an additional 8,578 shares during the period. Millennium Management LLC lifted its holdings in shares of 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 buying an additional 283,416 shares during the period. Driehaus Capital Management LLC boosted its stake in shares of Comfort Systems USA by 5.8% in the second quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company’s stock valued at $46,440,000 after buying an additional 8,363 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Comfort Systems USA by 88.0% in the second quarter. AQR Capital Management LLC now owns 142,540 shares of the construction company’s stock valued at $43,349,000 after buying an additional 66,703 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in Comfort Systems USA by 176.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 140,907 shares of the construction company’s stock worth $42,853,000 after acquiring an additional 89,953 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Chairman Franklin Myers sold 12,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman now owns 106,498 shares of the company’s stock, valued at approximately $41,553,389.64. This represents a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the completion of the sale, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,746 shares of company stock valued at $14,684,140. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Trading Up 0.3 %

NYSE:FIX opened at $491.21 on Friday. The company has a market capitalization of $17.48 billion, a PE ratio of 37.50 and a beta of 1.13. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $494.50. The stock has a fifty day simple moving average of $410.60 and a 200-day simple moving average of $352.42. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm earned $2.74 earnings per share. The company’s revenue for the quarter was up 31.5% compared to the same quarter last year. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is 10.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $396.00 to $525.00 in a research report on Tuesday. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday. They issued a “buy” rating and a $525.00 target price for the company. Finally, 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 for the company. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus 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.