Chartwell Investment Partners LLC trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 16.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,935 shares of the construction company's stock after selling 3,232 shares during the quarter. Chartwell Investment Partners LLC's holdings in Comfort Systems USA were worth $6,220,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of Comfort Systems USA by 61.2% during the 1st quarter. SG Americas Securities LLC now owns 1,725 shares of the construction company's stock valued at $548,000 after purchasing an additional 655 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in Comfort Systems USA in the 1st quarter worth $550,000. Sei Investments Co. lifted its holdings in shares of Comfort Systems USA by 3.4% during the first quarter. Sei Investments Co. now owns 27,548 shares of the construction company's stock valued at $8,753,000 after purchasing an additional 912 shares during the last quarter. Choate Investment Advisors purchased a new stake in shares of Comfort Systems USA during the first quarter valued at $281,000. Finally, Headlands Technologies LLC purchased a new position in shares of Comfort Systems USA in the 1st quarter worth $65,000. 96.51% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the sale, the director now owns 9,036 shares of the company's stock, valued at $3,699,880.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now directly owns 219,205 shares of the company's stock, valued at $72,239,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the sale, the director now owns 9,036 shares in the company, valued at approximately $3,699,880.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,591 shares of company stock valued at $14,835,665 over the last quarter. Company insiders own 1.80% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th.
Get Our Latest Stock Report on Comfort Systems USA
Comfort Systems USA Stock Performance
FIX stock traded down $3.67 during trading on Tuesday, hitting $463.03. 275,969 shares of the company traded hands, compared to its average volume of 384,341. 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 stock's 50-day simple moving average is $387.63 and its 200 day simple moving average is $344.43. The company has a market cap of $16.48 billion, a PE ratio of 36.18 and a beta of 1.13. Comfort Systems USA, Inc. has a 1 year low of $184.85 and a 1 year high of $474.62.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating analysts' consensus estimates of $3.97 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company's revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.74 earnings per share. On average, equities analysts expect that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.35 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. This represents a $1.40 annualized dividend and a dividend yield of 0.30%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.71%.
Comfort Systems USA Profile
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Free Report)
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.
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