F M Investments LLC Decreases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

F M Investments LLC lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 33.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,038 shares of the construction company’s stock after selling 20,509 shares during the quarter. F M Investments LLC’s holdings in Comfort Systems USA were worth $16,019,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Van ECK Associates Corp lifted its stake in shares of Comfort Systems USA by 36.5% in the first quarter. Van ECK Associates Corp now owns 13,858 shares of the construction company’s stock worth $4,403,000 after buying an additional 3,706 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in shares of Comfort Systems USA during the 1st quarter worth approximately $961,000. BNP Paribas Financial Markets boosted its holdings in shares of Comfort Systems USA by 24.6% during the 1st quarter. BNP Paribas Financial Markets now owns 62,094 shares of the construction company’s stock worth $19,728,000 after purchasing an additional 12,253 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Comfort Systems USA in the first quarter valued at approximately $584,000. Finally, BNP Paribas acquired a new stake in shares of Comfort Systems USA in the first quarter valued at approximately $1,641,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the chief financial officer now owns 55,099 shares in the company, valued at $18,301,683.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,091 shares of company stock valued at $13,812,015 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Trading Up 0.3 %

NYSE:FIX traded up $1.27 on Friday, hitting $392.31. The stock had a trading volume of 352,009 shares, compared to its average volume of 385,422. The company has a fifty day moving average price of $376.75 and a two-hundred day moving average price of $338.25. Comfort Systems USA, Inc. has a 1-year low of $183.23 and a 1-year high of $424.63. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a market cap of $13.96 billion, a price-to-earnings ratio of 30.02 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.74 EPS. Equities research 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 firm also recently disclosed 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. The ex-dividend date is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.36%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is 9.18%.

Wall Street Analysts Forecast Growth

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

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.