Silver Oak Securities Incorporated Invests $871,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Silver Oak Securities Incorporated acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,234 shares of the construction company’s stock, valued at approximately $871,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norden Group LLC boosted its holdings in Comfort Systems USA by 1,143.4% in the first quarter. Norden Group LLC now owns 50,545 shares of the construction company’s stock valued at $16,056,000 after purchasing an additional 46,480 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in Comfort Systems USA in the first quarter valued at approximately $550,000. Comerica Bank boosted its holdings in Comfort Systems USA by 34.5% in the first quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock valued at $32,956,000 after purchasing an additional 26,616 shares in the last quarter. Cetera Advisors LLC acquired a new position in Comfort Systems USA in the first quarter valued at approximately $971,000. Finally, Atria Investments Inc acquired a new position in Comfort Systems USA in the first quarter valued at approximately $1,192,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th.

Comfort Systems USA Price Performance

FIX stock opened at $370.85 on Friday. The company has a market capitalization of $13.25 billion, a P/E ratio of 36.72 and a beta of 1.13. Comfort Systems USA, Inc. has a twelve month low of $152.18 and a twelve month high of $424.63. The business has a 50 day simple moving average of $371.25 and a 200-day simple moving average of $335.29. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05.

Comfort Systems USA (NYSE:FIX) 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 $4.05 by $0.04. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The company’s revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.74 earnings per share. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 13.79 EPS for the current year.

Comfort Systems USA Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s payout ratio is currently 11.88%.

Insider Activity

In other news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the completion of the sale, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Darcy Anderson sold 3,546 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the sale, the director now owns 37,193 shares of the company’s stock, valued at $12,503,914.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,391 shares of company stock valued at $8,076,855. 1.80% of the stock is currently owned by company insiders.

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.