Moloney Securities Asset Management LLC Makes New $1.01 Million Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Moloney Securities Asset Management LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,581 shares of the construction company's stock, valued at approximately $1,007,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital World Investors raised its stake in shares of Comfort Systems USA by 26.6% in the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company's stock valued at $684,254,000 after acquiring an additional 451,852 shares during the period. Westfield Capital Management Co. LP grew its position in shares of Comfort Systems USA by 56.4% during the first quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company's stock worth $211,924,000 after buying an additional 240,466 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Comfort Systems USA by 2.1% in the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company's stock valued at $126,461,000 after purchasing an additional 8,578 shares during the last quarter. Millennium Management LLC lifted its holdings in Comfort Systems USA by 477.9% during the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock worth $104,229,000 after buying an additional 283,416 shares during the last quarter. Finally, Driehaus Capital Management LLC increased its stake in Comfort Systems USA by 5.8% in the second quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company's stock valued at $46,440,000 after purchasing an additional 8,363 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the sale, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction 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 transaction, the insider now owns 219,205 shares in the company, valued at approximately $72,239,007.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the sale, the chairman now directly owns 106,498 shares of the company's stock, valued at $41,553,389.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,091 shares of company stock worth $13,812,015. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Comfort Systems USA Stock Performance

FIX traded up $26.29 during trading on Wednesday, reaching $437.28. The company's stock had a trading volume of 424,446 shares, compared to its average volume of 385,276. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of 31.45 and a beta of 1.13. The company's fifty day moving average price is $379.32 and its 200-day moving average price is $340.30. Comfort Systems USA, Inc. has a 52-week low of $183.23 and a 52-week high of $439.17. 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 (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts' consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm's revenue was up 31.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.74 earnings per share. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.32%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's payout ratio is presently 9.18%.

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.