Edgestream Partners L.P. Invests $3.10 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Edgestream Partners L.P. bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, Holdings Channel.com reports. The fund bought 18,861 shares of the construction company’s stock, valued at approximately $3,097,000.

Several other hedge funds have also recently modified their holdings of FIX. BlackRock Inc. raised its stake in Comfort Systems USA by 2.3% during the first quarter. BlackRock Inc. now owns 6,016,801 shares of the construction company’s stock valued at $878,212,000 after purchasing an additional 136,122 shares in the last quarter. Vanguard Group Inc. raised its stake in Comfort Systems USA by 1.0% during the third quarter. Vanguard Group Inc. now owns 3,898,077 shares of the construction company’s stock valued at $379,399,000 after purchasing an additional 39,263 shares in the last quarter. Capital World Investors raised its stake in Comfort Systems USA by 32.3% during the first quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock valued at $208,011,000 after purchasing an additional 570,560 shares in the last quarter. State Street Corp raised its stake in Comfort Systems USA by 3.3% during the first quarter. State Street Corp now owns 1,222,998 shares of the construction company’s stock valued at $178,509,000 after purchasing an additional 39,339 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Comfort Systems USA by 4.2% during the first quarter. Geode Capital Management LLC now owns 661,179 shares of the construction company’s stock valued at $96,506,000 after purchasing an additional 26,372 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

Insider Transactions at Comfort Systems USA

In other news, Director William J. Sandbrook sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $185.19, for a total value of $925,950.00. Following the transaction, the director now directly owns 13,026 shares in the company, valued at $2,412,284.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Vance W. Tang sold 2,288 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $182.50, for a total value of $417,560.00. Following the transaction, the director now directly owns 22,770 shares in the company, valued at $4,155,525. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William J. Sandbrook sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $185.19, for a total transaction of $925,950.00. Following the completion of the transaction, the director now owns 13,026 shares in the company, valued at $2,412,284.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,038 shares of company stock worth $8,865,493. Insiders own 2.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FIX shares. DA Davidson upped their price target on shares of Comfort Systems USA from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, July 28th. StockNews.com assumed coverage on shares of Comfort Systems USA in a research note on Thursday, October 5th. They set a “buy” rating on the stock.

Comfort Systems USA Trading Up 0.6 %

FIX stock opened at $194.98 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.11 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a twelve month low of $111.28 and a twelve month high of $202.90. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 24.40 and a beta of 1.19. The firm’s fifty day simple moving average is $175.28 and its two-hundred day simple moving average is $168.83.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Friday, October 27th. The construction company reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.54. Comfort Systems USA had a net margin of 5.78% and a return on equity of 25.39%. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the business posted $1.67 earnings per share. The business’s revenue was up 23.0% compared to the same quarter last year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.25 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. Comfort Systems USA’s payout ratio is 12.52%.

Comfort Systems USA Profile

Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.