Moloney Securities Asset Management LLC Invests $1.01 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Moloney Securities Asset Management LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 2,581 shares of the construction company’s stock, valued at approximately $1,007,000.

Several other hedge funds have also added to or reduced their stakes in FIX. Capital World Investors increased its position in Comfort Systems USA by 26.6% during the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after buying an additional 451,852 shares during the period. Millennium Management LLC increased its position in Comfort Systems USA by 477.9% during the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after acquiring an additional 283,416 shares during the period. Westfield Capital Management Co. LP increased its position in Comfort Systems USA by 56.4% during the first quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock worth $211,924,000 after acquiring an additional 240,466 shares during the period. Blackstone Inc. acquired a new stake in Comfort Systems USA in the 1st quarter worth about $41,302,000. Finally, Swedbank AB bought a new stake in Comfort Systems USA in the 1st quarter valued at about $31,771,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 5,845 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total value of $1,941,475.20. Following the sale, the chief financial officer now owns 55,099 shares of the company’s stock, valued at approximately $18,301,683.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Comfort Systems USA news, Chairman Franklin Myers sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value of $4,682,160.00. Following the sale, the chairman now owns 106,498 shares in the company, valued at $41,553,389.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO William George III sold 5,845 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total value of $1,941,475.20. Following 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 disclosure for this sale can be found here. Insiders have sold 39,091 shares of company stock valued at $13,812,015 over the last three months. 1.80% of the stock is owned by insiders.

Comfort Systems USA Stock Performance

FIX opened at $410.99 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 52-week low of $183.23 and a 52-week high of $424.63. The firm has a market cap of $14.63 billion, a P/E ratio of 31.45 and a beta of 1.13. The business’s fifty day moving average is $379.32 and its 200-day moving average is $340.30.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data 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 net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the company posted $2.74 earnings per share. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. Sell-side analysts expect that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.35 per share. This is a positive change 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 dividend yield of 0.34%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.18%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report 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.