New Century Advisors LLC Raises Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

New Century Advisors LLC raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIXGet Rating) by 43.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 580 shares of the construction company’s stock after acquiring an additional 177 shares during the period. New Century Advisors LLC’s holdings in Comfort Systems USA were worth $48,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Comfort Systems USA during the 1st quarter worth approximately $32,000. Brown Brothers Harriman & Co. raised its holdings in Comfort Systems USA by 2,814.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock valued at $36,000 after buying an additional 394 shares during the period. Prospera Financial Services Inc purchased a new stake in Comfort Systems USA during the 1st quarter valued at $38,000. Steward Partners Investment Advisory LLC raised its holdings in Comfort Systems USA by 420.4% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 536 shares of the construction company’s stock valued at $48,000 after buying an additional 433 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in Comfort Systems USA by 60.8% during the 1st quarter. Lazard Asset Management LLC now owns 857 shares of the construction company’s stock valued at $76,000 after buying an additional 324 shares during the period. 95.47% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $103.39, for a total value of $310,170.00. Following the sale, the director now owns 30,722 shares in the company, valued at $3,176,347.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Brian E. Lane sold 10,211 shares of the stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $106.99, for a total transaction of $1,092,474.89. Following the transaction, the insider now owns 271,118 shares of the company’s stock, valued at approximately $29,006,914.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $103.39, for a total value of $310,170.00. Following the transaction, the director now directly owns 30,722 shares in the company, valued at approximately $3,176,347.58. The disclosure for this sale can be found here. Insiders have sold a total of 74,625 shares of company stock worth $7,841,989 over the last quarter. Company insiders own 2.48% of the company’s stock.

Comfort Systems USA Trading Down 2.8 %

FIX stock traded down $2.84 during midday trading on Friday, reaching $97.49. The company’s stock had a trading volume of 5,562 shares, compared to its average volume of 142,462. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.25 and a current ratio of 1.28. The stock has a fifty day simple moving average of $100.41 and a two-hundred day simple moving average of $91.54. Comfort Systems USA, Inc. has a 1 year low of $70.95 and a 1 year high of $109.00. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 16.82 and a beta of 1.23.

Comfort Systems USA (NYSE:FIXGet Rating) last released its earnings results on Wednesday, July 27th. The construction company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.14. Comfort Systems USA had a return on equity of 18.99% and a net margin of 5.93%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $914.17 million. During the same quarter last year, the firm posted $0.90 earnings per share. The business’s revenue was up 42.6% compared to the same quarter last year. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 4.85 EPS for the current year.

Comfort Systems USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Thursday, August 18th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.56 dividend on an annualized basis and a yield of 0.57%. Comfort Systems USA’s payout ratio is 9.52%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FIX shares. StockNews.com lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Friday, August 5th. DA Davidson increased their price target on Comfort Systems USA from $100.00 to $114.00 in a report on Friday, July 29th.

Comfort Systems USA Profile

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Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.

Further Reading

Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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