Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 20.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,559 shares of the construction company's stock after selling 45,729 shares during the period. Principal Financial Group Inc. owned approximately 0.51% of Comfort Systems USA worth $70,486,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC purchased a new stake in Comfort Systems USA during the 1st quarter valued at about $550,000. Comerica Bank boosted its position in Comfort Systems USA by 34.5% in the first quarter. Comerica Bank now owns 103,730 shares of the construction company's stock valued at $32,956,000 after buying an additional 26,616 shares during the last quarter. Cetera Advisors LLC acquired a new position in Comfort Systems USA in the 1st quarter worth approximately $971,000. Schwartz Investment Counsel Inc. purchased a new position in Comfort Systems USA during the 3rd quarter worth approximately $1,327,000. Finally, Atria Investments Inc acquired a new stake in Comfort Systems USA during the 1st quarter valued at approximately $1,192,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the completion of the transaction, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on 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 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 legal filing with the SEC, which is available at this link. Also, CFO William George III sold 5,845 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the completion of the transaction, the chief financial officer now directly owns 55,099 shares of the company's stock, valued at approximately $18,301,683.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,591 shares of company stock valued at $14,835,665. 1.80% of the stock is owned by corporate insiders.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded up $18.84 during midday trading on Friday, hitting $462.06. 338,881 shares of the company were exchanged, compared to its average volume of 367,351. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a fifty-two week low of $183.23 and a fifty-two week high of $462.06. The business has a fifty day simple moving average of $385.36 and a two-hundred day simple moving average of $343.09. The firm has a market capitalization of $16.44 billion, a PE ratio of 35.35 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company's revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.74 EPS. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.30%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA's dividend payout ratio is presently 9.18%.

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.