Portside Wealth Group LLC Boosts Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Portside Wealth Group LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,254 shares of the construction company’s stock after buying an additional 58 shares during the period. Portside Wealth Group LLC’s holdings in Comfort Systems USA were worth $880,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Duality Advisers LP bought a new stake in Comfort Systems USA during the 1st quarter valued at approximately $409,000. SG Americas Securities LLC boosted its position in shares of Comfort Systems USA by 61.2% during the first quarter. SG Americas Securities LLC now owns 1,725 shares of the construction company’s stock valued at $548,000 after purchasing an additional 655 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in Comfort Systems USA by 7.6% in the first quarter. TimesSquare Capital Management LLC now owns 73,866 shares of the construction company’s stock worth $23,468,000 after purchasing an additional 5,196 shares during the period. Concurrent Investment Advisors LLC bought a new position in Comfort Systems USA in the first quarter worth $550,000. Finally, Sei Investments Co. lifted its position in Comfort Systems USA by 3.4% during the first quarter. Sei Investments Co. now owns 27,548 shares of the construction company’s stock valued at $8,753,000 after buying an additional 912 shares during the period. 96.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $462.03 on Friday. Comfort Systems USA, Inc. has a twelve month low of $183.23 and a twelve month high of $462.06. 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 company has a market capitalization of $16.45 billion, a P/E ratio of 35.35 and a beta of 1.13. The stock’s 50 day moving average is $385.36 and its 200 day moving average is $342.85.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.74 earnings per share. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 13.88 earnings per share 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. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.35 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

Insiders Place Their Bets

In related news, 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 completion of the sale, the insider now owns 219,205 shares of the company’s stock, valued at $72,239,007.75. 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. In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated 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 completion of the sale, the insider now directly owns 219,205 shares in the company, valued at approximately $72,239,007.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was 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 directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,591 shares of company stock valued at $14,835,665. Insiders own 1.80% of the company’s stock.

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.