Saturna Capital Corp Trims Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Saturna Capital Corp reduced its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 43.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,308 shares of the construction company's stock after selling 2,568 shares during the quarter. Saturna Capital Corp's holdings in Comfort Systems USA were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIX. Capital World Investors increased its stake in 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 worth $684,254,000 after buying an additional 451,852 shares in the last quarter. 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 purchasing an additional 240,466 shares in the last quarter. Federated Hermes Inc. raised its stake in Comfort Systems USA by 2.1% during 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 period. Millennium Management LLC lifted its holdings in Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock worth $104,229,000 after purchasing an additional 283,416 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its stake in Comfort Systems USA by 5.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company's stock worth $46,440,000 after purchasing an additional 8,363 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 report on Saturday, October 12th.

Insider Buying and Selling

In other news, Director Pablo G. Mercado sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value 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. 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 available at this link. In other news, CFO William George III sold 5,845 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total value of $1,941,475.20. Following the sale, the chief financial officer now directly owns 55,099 shares in the company, valued at approximately $18,301,683.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Pablo G. Mercado sold 2,500 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the transaction, the director now owns 9,036 shares of the company's stock, valued at approximately $3,699,880.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,591 shares of company stock worth $9,892,415. Corporate insiders own 1.80% of the company's stock.

Comfort Systems USA Price Performance

Shares of FIX stock traded down $16.75 during trading hours on Wednesday, hitting $446.28. The stock had a trading volume of 386,297 shares, compared to its average volume of 384,361. The stock's 50-day moving average price is $390.60 and its two-hundred day moving average price is $345.56. Comfort Systems USA, Inc. has a one year low of $185.83 and a one year high of $474.62. The stock has a market capitalization of $15.88 billion, a price-to-earnings ratio of 35.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data 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. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period in the prior year, the firm earned $2.74 EPS. The company's revenue for the quarter was up 31.5% on a year-over-year basis. Equities analysts forecast that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a $0.35 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.31%. Comfort Systems USA's dividend payout ratio (DPR) 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.