Prosperity Financial Group Inc. Has $200,000 Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Prosperity Financial Group Inc. trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 29.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 513 shares of the construction company’s stock after selling 215 shares during the period. Prosperity Financial Group Inc.’s holdings in Comfort Systems USA were worth $200,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FIX. Daiwa Securities Group Inc. acquired a new stake in Comfort Systems USA in the 3rd quarter valued at about $1,288,000. Penserra Capital Management LLC acquired a new stake in Comfort Systems USA in the 3rd quarter valued at about $2,278,000. Pitcairn Co. lifted its stake in Comfort Systems USA by 70.0% in the 3rd quarter. Pitcairn Co. now owns 3,512 shares of the construction company’s stock valued at $1,371,000 after purchasing an additional 1,446 shares during the last quarter. Algert Global LLC lifted its stake in Comfort Systems USA by 35.3% in the 3rd quarter. Algert Global LLC now owns 34,219 shares of the construction company’s stock valued at $13,357,000 after purchasing an additional 8,924 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in Comfort Systems USA by 81.6% in the 3rd quarter. Cerity Partners LLC now owns 16,617 shares of the construction company’s stock valued at $6,486,000 after purchasing an additional 7,466 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $4,682,160.00. Following the completion of the sale, the chairman now owns 106,498 shares in the company, valued at $41,553,389.64. This represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,746 shares of company stock valued at $14,684,140 over the last three months. 1.80% of the stock is owned by insiders.

Comfort Systems USA Stock Up 0.2 %

Shares of FIX opened at $491.06 on Monday. Comfort Systems USA, Inc. has a 12 month low of $185.83 and a 12 month high of $494.50. The firm’s 50 day moving average is $413.47 and its 200-day moving average is $353.62. The stock has a market capitalization of $17.48 billion, a PE ratio of 37.57 and a beta of 1.13. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period last year, the firm earned $2.74 earnings per share. Equities research analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.29%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is 10.71%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 price objective for the company. UBS Group upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $396.00 to $525.00 in a research report on Tuesday, November 19th. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Finally, Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday. They set a “buy” rating and a $525.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus price target of $481.00.

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.