WCM Investment Management LLC Grows Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

WCM Investment Management LLC boosted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 16.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,553 shares of the construction company's stock after buying an additional 14,090 shares during the period. WCM Investment Management LLC owned approximately 0.28% of Comfort Systems USA worth $38,833,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC purchased a new position in Comfort Systems USA in the 1st quarter worth approximately $550,000. Comerica Bank boosted its stake in Comfort Systems USA by 34.5% during the first 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 acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at $971,000. Schwartz Investment Counsel Inc. acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at $1,327,000. Finally, Atria Investments Inc acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at $1,192,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the 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 of the company's stock, valued at $72,239,007.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO William George III sold 5,845 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total transaction 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 $18,301,683.84. 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 is available at the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction that occurred 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 directly owns 219,205 shares of the company's stock, valued at $72,239,007.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,591 shares of company stock worth $14,835,665. Insiders own 1.80% of the company's stock.

Comfort Systems USA Stock Up 1.1 %

FIX traded up $4.89 on Monday, hitting $466.95. 324,082 shares of the company were exchanged, compared to its average volume of 384,838. 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 fifty day moving average is $385.36 and its 200-day moving average is $343.33. The company has a market cap of $16.62 billion, a PE ratio of 35.73 and a beta of 1.13. Comfort Systems USA, Inc. has a 12 month low of $184.85 and a 12 month high of $474.62.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) 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 the consensus estimate of $1.84 billion. During the same quarter in the prior year, the business posted $2.74 earnings per share. The firm's quarterly revenue was up 31.5% compared to the same quarter last year. Equities research analysts predict that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid 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 annualized dividend and a yield of 0.30%. Comfort Systems USA's dividend payout ratio is presently 9.18%.

Analyst Upgrades and Downgrades

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

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.