22,429 Shares of Comfort Systems USA, Inc. $FIX Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,429 shares of the construction company’s stock, valued at approximately $37,100,000.

Several other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in shares of Comfort Systems USA in the 2nd quarter worth approximately $26,000. Avalon Trust Co purchased a new stake in Comfort Systems USA during the second quarter valued at approximately $32,000. Field & Main Bank acquired a new stake in Comfort Systems USA in the second quarter valued at approximately $32,000. Carolina Wealth Advisors LLC boosted its stake in Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares in the last quarter. Finally, Glynn Capital Management LLC boosted its stake in Comfort Systems USA by 58.3% in the third quarter. Glynn Capital Management LLC now owns 19 shares of the construction company’s stock valued at $31,000 after acquiring an additional 7 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In related news, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, the director owned 8,495 shares in the company, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian E. Lane sold 16,024 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the sale, the insider owned 145,065 shares in the company, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,078 shares of company stock worth $43,211,828 over the last three months. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,227.74 on Monday. The company has a market cap of $42.96 billion, a price-to-earnings ratio of 26.51 and a beta of 1.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.13. The stock’s fifty day moving average price is $1,561.25 and its 200 day moving average price is $1,597.15. Comfort Systems USA, Inc. has a 1 year low of $841.66 and a 1 year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.85 by $1.06. The company had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.40 billion. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The firm’s revenue was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $8.25 EPS. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current year.

Comfort Systems USA Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be paid a $0.10 dividend. The ex-dividend date is Thursday, November 12th. This is a negative change from Comfort Systems USA’s previous quarterly dividend of $0.90. This represents a $0.40 annualized dividend and a dividend yield of 0.0%. Comfort Systems USA’s dividend payout ratio (DPR) is 7.77%.

Analysts Set New Price Targets

FIX has been the topic of a number of recent analyst reports. Weiss Ratings downgraded Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. The Goldman Sachs Group set a $1,875.00 price objective on Comfort Systems USA in a report on Tuesday, October 20th. Stifel Nicolaus set a $1,808.00 price objective on Comfort Systems USA in a research report on Monday, October 26th. Oppenheimer dropped their target price on Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating on the stock in a research note on Monday, October 26th. Finally, UBS Group dropped their target price on Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,916.14.

Comfort Systems USA Profile

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.