Consolidated Planning Corp Increases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Consolidated Planning Corp boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 69.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,210 shares of the construction company's stock after purchasing an additional 1,312 shares during the period. Consolidated Planning Corp's holdings in Comfort Systems USA were worth $1,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC purchased a new position in Comfort Systems USA in the 1st quarter valued at approximately $550,000. Comerica Bank lifted its position in shares of Comfort Systems USA by 34.5% during the 1st quarter. Comerica Bank now owns 103,730 shares of the construction company's stock worth $32,956,000 after purchasing an additional 26,616 shares during the last quarter. Cetera Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 1st quarter worth $971,000. Schwartz Investment Counsel Inc. purchased a new stake in shares of Comfort Systems USA during the 3rd quarter worth $1,327,000. Finally, Atria Investments Inc purchased a new stake in shares of Comfort Systems USA during the 1st quarter worth $1,192,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the transaction, the insider now directly owns 219,205 shares in the company, valued at approximately $72,239,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Brian E. Lane sold 15,000 shares of the business'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 transaction, the insider now directly owns 219,205 shares in the company, 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 through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the transaction, the director now owns 9,036 shares in the company, valued at approximately $3,699,880.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,591 shares of company stock worth $14,835,665. 1.80% of the stock is owned by company insiders.

Comfort Systems USA Stock Performance

FIX traded up $18.81 on Friday, reaching $462.03. The company had a trading volume of 338,603 shares, compared to its average volume of 385,118. Comfort Systems USA, Inc. has a 1 year low of $183.23 and a 1 year high of $462.06. The stock has a market capitalization of $16.45 billion, a PE ratio of 35.35 and a beta of 1.13. 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 has a 50-day moving average price of $385.36 and a 200-day moving average price of $342.85.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results 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. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the previous year, the company earned $2.74 earnings per share. Comfort Systems USA's quarterly revenue was up 31.5% compared to the same quarter last year. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Wall Street Analysts Forecast Growth

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

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.