Greenwood Capital Associates LLC Sells 1,294 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Greenwood Capital Associates LLC reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 27.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,444 shares of the construction company's stock after selling 1,294 shares during the period. Greenwood Capital Associates LLC's holdings in Comfort Systems USA were worth $1,344,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concurrent Investment Advisors LLC bought a new position in shares of Comfort Systems USA during the 1st quarter valued at approximately $550,000. Comerica Bank lifted its stake 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 valued at $32,956,000 after buying an additional 26,616 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 1st quarter valued at approximately $971,000. Schwartz Investment Counsel Inc. purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at approximately $1,327,000. Finally, Atria Investments Inc purchased a new stake in shares of Comfort Systems USA during the 1st quarter valued at approximately $1,192,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

NYSE FIX traded up $20.61 on Tuesday, hitting $410.99. The stock had a trading volume of 413,738 shares, compared to its average volume of 385,093. Comfort Systems USA, Inc. has a 52-week low of $183.23 and a 52-week high of $424.63. 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 company has a market capitalization of $14.63 billion, a price-to-earnings ratio of 31.45 and a beta of 1.13. The firm has a 50-day moving average of $379.32 and a 200-day moving average of $340.30.

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

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders 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 annualized dividend and a dividend yield of 0.34%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio (DPR) is 9.18%.

Insider Activity

In other news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction on 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Vance W. Tang sold 2,700 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the transaction, the director now owns 5,498 shares of the company's stock, valued at approximately $2,144,220. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on 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 approximately $72,239,007.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,091 shares of company stock worth $13,812,015. 1.80% of the stock is currently owned by corporate insiders.

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 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.