Penserra Capital Management LLC Invests $2.28 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Penserra Capital Management LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,837 shares of the construction company’s stock, valued at approximately $2,278,000.

A number of other institutional investors also recently made changes to their positions in the company. Hollencrest Capital Management acquired a new stake in Comfort Systems USA during the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Comfort Systems USA during the third quarter worth $38,000. Opal Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the second quarter valued at about $41,000. V Square Quantitative Management LLC grew its stake in shares of Comfort Systems USA by 59.5% in the third 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 in the last quarter. Finally, Contravisory Investment Management Inc. increased its position in Comfort Systems USA by 126.9% during the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after acquiring an additional 85 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $495.13 on Tuesday. The business has a fifty day simple moving average of $416.37 and a 200 day simple moving average of $354.66. The company has a market cap of $17.62 billion, a P/E ratio of 37.88 and a beta of 1.13. 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, Inc. has a twelve month low of $185.83 and a twelve month high of $500.38.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.74 earnings per share. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a $0.35 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

Insiders Place Their Bets

In related news, COO T Mckenna Trent sold 4,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the sale, the chief operating officer now owns 23,990 shares in the company, valued at $11,630,591.90. The trade was a 14.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and increased their target price for the stock from $396.00 to $525.00 in a research report on Tuesday, November 19th. Stifel Nicolaus began coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. Northcoast Research started coverage on Comfort Systems USA in a research note on Friday. They issued a “buy” rating and a $525.00 price target for the company. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and an average target price of $481.00.

About Comfort Systems USA

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.