Nations Financial Group Inc. IA ADV Purchases Shares of 1,342 Comfort Systems USA, Inc. (NYSE:FIX)

Nations Financial Group Inc. IA ADV acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,342 shares of the construction company's stock, valued at approximately $524,000.

A number of other large investors also recently modified their holdings of FIX. Hollencrest Capital Management purchased a new position in shares of Comfort Systems USA in the 3rd quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Comfort Systems USA in the third quarter valued at $38,000. Opal Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA in the second quarter valued at about $41,000. V Square Quantitative Management LLC boosted its stake in shares of Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company's stock worth $49,000 after buying an additional 47 shares during the period. Finally, Contravisory Investment Management Inc. boosted its stake in shares of Comfort Systems USA by 126.9% during the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company's stock worth $59,000 after buying an additional 85 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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.

Comfort Systems USA Stock Performance

NYSE:FIX traded down $6.50 during mid-day trading on Thursday, reaching $439.42. The stock had a trading volume of 363,702 shares, compared to its average volume of 384,086. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market capitalization of $15.64 billion, a price-to-earnings ratio of 33.89 and a beta of 1.13. Comfort Systems USA, Inc. has a twelve month low of $185.83 and a twelve month high of $474.62. The business has a 50 day simple moving average of $393.24 and a 200 day simple moving average of $346.26.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) 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 company had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the company posted $2.74 earnings per share. The firm's quarterly revenue was up 31.5% compared to the same quarter last year. On average, 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 business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a $0.35 dividend. The ex-dividend date is Thursday, November 14th. This is a boost 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 0.32%. Comfort Systems USA's dividend payout ratio (DPR) is 9.18%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 55,099 shares of the company's stock, valued at approximately $18,301,683.84. The trade was a 9.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of Comfort Systems USA stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 9,036 shares of the company's stock, valued at $3,699,880.56. The trade was a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,591 shares of company stock valued at $9,892,415. Corporate insiders own 1.80% of the company's stock.

Comfort Systems USA Company 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.