Versor Investments LP cut its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 41.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,084 shares of the construction company's stock after selling 1,464 shares during the quarter. Versor Investments LP's holdings in Comfort Systems USA were worth $813,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the business. Los Angeles Capital Management LLC increased its position in shares of Comfort Systems USA by 26.4% in the third quarter. Los Angeles Capital Management LLC now owns 56,739 shares of the construction company's stock valued at $22,148,000 after acquiring an additional 11,837 shares during the last quarter. Meritage Portfolio Management increased its position in shares of Comfort Systems USA by 11.7% during the 3rd quarter. Meritage Portfolio Management now owns 5,528 shares of the construction company's stock worth $2,158,000 after purchasing an additional 579 shares during the last quarter. TimesSquare Capital Management LLC increased its position in shares of Comfort Systems USA by 21.4% during the 3rd quarter. TimesSquare Capital Management LLC now owns 95,280 shares of the construction company's stock worth $37,193,000 after purchasing an additional 16,775 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in shares of Comfort Systems USA by 14.8% during the 3rd quarter. Axxcess Wealth Management LLC now owns 2,220 shares of the construction company's stock worth $867,000 after purchasing an additional 287 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Comfort Systems USA by 7.1% in the 3rd quarter. Covestor Ltd now owns 465 shares of the construction company's stock valued at $182,000 after buying an additional 31 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.
Comfort Systems USA Stock Performance
Comfort Systems USA stock traded down $16.75 during midday trading on Wednesday, reaching $446.28. 386,297 shares of the company's stock were exchanged, compared to its average volume of 384,361. 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 stock's 50-day simple moving average is $390.60 and its 200 day simple moving average is $345.56. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of 35.60 and a beta of 1.13. Comfort Systems USA, Inc. has a 52 week low of $185.83 and a 52 week high of $474.62.
Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $1.84 billion. During the same period in the previous year, the firm earned $2.74 EPS. The firm's 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. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's dividend payout ratio (DPR) is currently 9.18%.
Insider Buying and Selling
In other Comfort Systems USA news, CFO William George III sold 5,845 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 55,099 shares of the company's stock, valued at $18,301,683.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO William George III sold 5,845 shares of the business's stock in a transaction dated 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 owns 55,099 shares of the company's stock, valued at approximately $18,301,683.84. 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 can be accessed through this link. Also, Director Darcy Anderson sold 3,546 shares of the company's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the transaction, the director now owns 37,193 shares in the company, valued at $12,503,914.67. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,591 shares of company stock valued at $9,892,415. Company insiders own 1.80% of the company's stock.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th.
Check Out Our Latest Research Report on Comfort Systems USA
Comfort Systems USA Profile
(
Free Report)
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.
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