Hilltop Holdings Inc. Has $2.72 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Hilltop Holdings Inc. cut its position in Comfort Systems USA, Inc. (NYSE:FIX) by 18.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,966 shares of the construction company’s stock after selling 1,590 shares during the period. Hilltop Holdings Inc.’s holdings in Comfort Systems USA were worth $2,719,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atria Investments Inc acquired a new stake in Comfort Systems USA in the first quarter valued at approximately $1,192,000. Cetera Investment Advisers grew its position in Comfort Systems USA by 75.5% in the 1st quarter. Cetera Investment Advisers now owns 6,122 shares of the construction company’s stock valued at $1,945,000 after purchasing an additional 2,633 shares during the period. Cetera Advisors LLC bought a new stake in Comfort Systems USA during the 1st quarter valued at $971,000. GAMMA Investing LLC increased its stake in Comfort Systems USA by 13.6% during the 2nd quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock valued at $107,000 after purchasing an additional 42 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its holdings in Comfort Systems USA by 36.1% during the second quarter. Kingswood Wealth Advisors LLC now owns 3,847 shares of the construction company’s stock worth $1,170,000 after buying an additional 1,021 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $489.53 on Tuesday. The company has a market capitalization of $17.42 billion, a PE ratio of 37.45 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average price is $428.25 and its 200-day moving average price is $360.21. Comfort Systems USA, Inc. has a twelve month low of $185.83 and a twelve month high of $510.79.

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

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a $0.35 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.29%. Comfort Systems USA’s payout ratio is currently 10.71%.

Wall Street Analysts Forecast Growth

FIX has been the subject of several recent research reports. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Stifel Nicolaus started coverage on Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price objective for the company. Northcoast Research initiated coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. Finally, UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their price target for the stock from $396.00 to $525.00 in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $481.00.

Insider Buying and Selling at Comfort Systems USA

In related news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value 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. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock worth $15,431,250 over the last three months. 1.80% of the stock is currently owned by insiders.

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.