Catalyst Capital Advisors LLC Has $456,000 Position in Comfort Systems USA, Inc. $FIX

Catalyst Capital Advisors LLC lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 7.6% in the second quarter, HoldingsChannel.com reports. The fund owned 850 shares of the construction company’s stock after selling 70 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Comfort Systems USA were worth $456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in FIX. GAMMA Investing LLC lifted its stake in Comfort Systems USA by 23.1% in the first quarter. GAMMA Investing LLC now owns 789 shares of the construction company’s stock valued at $254,000 after acquiring an additional 148 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Comfort Systems USA by 97.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company’s stock valued at $2,377,000 after acquiring an additional 3,644 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Comfort Systems USA by 6.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,082 shares of the construction company’s stock valued at $2,928,000 after acquiring an additional 524 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Comfort Systems USA by 40.6% in the first quarter. Asset Management One Co. Ltd. now owns 27,035 shares of the construction company’s stock valued at $8,729,000 after acquiring an additional 7,808 shares during the last quarter. Finally, Lecap Asset Management Ltd. acquired a new stake in Comfort Systems USA in the first quarter valued at $258,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

NYSE:FIX opened at $981.15 on Friday. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,002.64. The firm has a market cap of $34.61 billion, a price-to-earnings ratio of 41.54 and a beta of 1.58. The firm’s 50-day simple moving average is $776.79 and its 200 day simple moving average is $598.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 46.08%. The business had revenue of $713.90 million for the quarter. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be given a dividend of $0.60 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, November 13th. Comfort Systems USA’s payout ratio is 10.28%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the transaction, the insider directly owned 188,046 shares of the company’s stock, valued at $130,078,940.04. This trade represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 4,400 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the completion of the transaction, the chief operating officer directly owned 21,639 shares in the company, valued at approximately $15,507,156.57. This represents a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock valued at $18,710,798 in the last quarter. Company insiders own 1.59% of the company’s stock.

Analyst Ratings Changes

FIX has been the topic of several research analyst reports. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. UBS Group increased their price objective on shares of Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Northcoast Research lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. William Blair initiated coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Finally, DA Davidson set a $810.00 price objective on shares of Comfort Systems USA in a research report on Friday. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $766.20.

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.