MetLife Investment Management LLC Sells 398 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

MetLife Investment Management LLC lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,975 shares of the construction company’s stock after selling 398 shares during the period. MetLife Investment Management LLC owned about 0.06% of Comfort Systems USA worth $7,797,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Comfort Systems USA in the third quarter valued at about $38,000. V Square Quantitative Management LLC raised its holdings in Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after acquiring an additional 47 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Comfort Systems USA during the second quarter valued at approximately $41,000. Finally, Contravisory Investment Management Inc. grew its stake in Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after purchasing an additional 85 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Comfort Systems USA news, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction 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 directly owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This represents a 14.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now directly owns 5,498 shares of the company’s stock, valued at $2,144,220. This represents a 32.93 % decrease in their position. 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 owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FIX. UBS Group upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $396.00 to $525.00 in a research note on Tuesday, November 19th. 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 shares of Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price target for the company. Finally, Northcoast Research started coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $481.00.

Comfort Systems USA Trading Up 1.4 %

Shares of Comfort Systems USA stock opened at $493.27 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The business has a fifty day simple moving average of $426.20 and a two-hundred day simple moving average of $358.72. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $510.79. The company has a market capitalization of $17.56 billion, a price-to-earnings ratio of 37.74 and a beta of 1.13.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is currently 10.71%.

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.