Congress Wealth Management LLC DE Reduces Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Congress Wealth Management LLC DE reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 6.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,081 shares of the construction company’s stock after selling 3,881 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.15% of Comfort Systems USA worth $16,865,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FIX. Byrne Asset Management LLC purchased a new position in shares of Comfort Systems USA during the 4th quarter worth $26,000. Rise Advisors LLC purchased a new position in shares of Comfort Systems USA during the 1st quarter worth $44,000. VisionPoint Advisory Group LLC purchased a new position in shares of Comfort Systems USA during the 3rd quarter worth $59,000. GAMMA Investing LLC purchased a new position in shares of Comfort Systems USA during the 4th quarter worth $61,000. Finally, Spire Wealth Management purchased a new position in shares of Comfort Systems USA during the 4th quarter worth $61,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Down 3.1 %

Comfort Systems USA stock traded down $9.36 during midday trading on Monday, reaching $294.76. 562,538 shares of the stock traded hands, compared to its average volume of 406,615. The company has a 50-day simple moving average of $321.27 and a two-hundred day simple moving average of $280.41. Comfort Systems USA, Inc. has a 12-month low of $151.89 and a 12-month high of $352.45. The firm has a market cap of $10.53 billion, a PE ratio of 29.18 and a beta of 1.15. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business posted $1.51 EPS. Comfort Systems USA’s revenue for the quarter was up 30.8% on a year-over-year basis. Research analysts expect that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were given a $0.30 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a yield of 0.41%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s dividend payout ratio (DPR) is currently 11.88%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 988 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total value of $338,884.00. Following the sale, the director now owns 11,173 shares of the company’s stock, valued at approximately $3,832,339. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Vance W. Tang sold 3,473 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the sale, the director now owns 8,198 shares of the company’s stock, valued at approximately $2,541,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vance W. Tang sold 988 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total value of $338,884.00. Following the sale, the director now directly owns 11,173 shares in the company, valued at approximately $3,832,339. The disclosure for this sale can be found here. Insiders have sold 7,961 shares of company stock valued at $2,622,664 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

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.