Comfort Systems USA, Inc. (NYSE:FIX) Position Boosted by Rakuten Securities Inc.

Rakuten Securities Inc. lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 5,620.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286 shares of the construction company’s stock after purchasing an additional 281 shares during the quarter. Rakuten Securities Inc.’s holdings in Comfort Systems USA were worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Capital World Investors raised its stake in shares of Comfort Systems USA by 26.6% during the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after purchasing an additional 451,852 shares in the last quarter. Millennium Management LLC raised its position in Comfort Systems USA by 477.9% during the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after acquiring an additional 283,416 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in Comfort Systems USA by 56.4% in the first quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock valued at $211,924,000 after acquiring an additional 240,466 shares during the last quarter. Blackstone Inc. acquired a new stake in Comfort Systems USA in the first quarter valued at approximately $41,302,000. Finally, Swedbank AB bought a new stake in Comfort Systems USA in the first quarter worth approximately $31,771,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 1.1 %

FIX opened at $466.95 on Tuesday. The firm has a market cap of $16.62 billion, a P/E ratio of 35.73 and a beta of 1.13. 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 business has a 50 day moving average price of $387.63 and a 200 day moving average price of $344.43. Comfort Systems USA, Inc. has a twelve month low of $184.85 and a twelve month high of $474.62.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data 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. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.74 EPS. Research analysts forecast that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given a $0.35 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s payout ratio is currently 9.18%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction that occurred 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 directly owns 9,036 shares in the company, valued at approximately $3,699,880.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the transaction, the insider now directly owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,591 shares of company stock worth $14,835,665 over the last three months. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th.

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.