Nations Financial Group Inc. IA ADV Purchases New Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Nations Financial Group Inc. IA ADV bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 3rd quarter, Holdings Channel reports. The firm bought 1,342 shares of the construction company’s stock, valued at approximately $524,000.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its holdings in Comfort Systems USA by 61.2% in 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 during the last quarter. Sei Investments Co. grew its stake in Comfort Systems USA by 3.4% in the 1st quarter. Sei Investments Co. now owns 27,548 shares of the construction company’s stock valued at $8,753,000 after acquiring an additional 912 shares during the last quarter. Headlands Technologies LLC purchased a new position in Comfort Systems USA during the 1st quarter valued at about $65,000. Russell Investments Group Ltd. raised its position in Comfort Systems USA by 2.2% during the first quarter. Russell Investments Group Ltd. now owns 34,625 shares of the construction company’s stock worth $11,003,000 after acquiring an additional 754 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Comfort Systems USA during the first quarter worth about $313,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 3.6 %

FIX opened at $446.28 on Thursday. The firm has a market cap of $15.88 billion, a P/E ratio of 35.60 and a beta of 1.13. The business’s fifty day simple moving average is $390.60 and its 200 day simple moving average is $345.56. Comfort Systems USA, Inc. has a 52 week low of $185.83 and a 52 week high of $474.62. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last issued its quarterly 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 business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.74 earnings per share. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a $0.35 dividend. The ex-dividend date is Thursday, November 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.31%. Comfort Systems USA’s payout ratio is 9.18%.

Analyst Ratings Changes

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

Insider Buying and Selling at Comfort Systems USA

In other news, CFO William George III sold 5,845 shares of Comfort Systems USA 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 completion of the sale, the chief financial officer now owns 55,099 shares of the company’s stock, valued at $18,301,683.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO William George III sold 5,845 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the transaction, the chief financial officer now directly owns 55,099 shares in the company, valued at $18,301,683.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Franklin Myers sold 12,000 shares of the business’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 of the company’s stock, valued at approximately $41,553,389.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,591 shares of company stock worth $9,892,415. 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.