Silver Oak Securities Incorporated Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

Silver Oak Securities Incorporated purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,234 shares of the construction company’s stock, valued at approximately $871,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Comfort Systems USA in the 3rd quarter valued at $38,000. Opal Wealth Advisors LLC acquired a new stake in Comfort Systems USA during the 2nd quarter worth $41,000. V Square Quantitative Management LLC boosted its stake in Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after purchasing an additional 85 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Comfort Systems USA by 236.5% during the 2nd quarter. National Bank of Canada FI now owns 212 shares of the construction company’s stock worth $62,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 219,205 shares in the company, valued at $72,239,007.75. This represents 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, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the transaction, the director now directly owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business’s 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 transaction, the insider now directly owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,391 shares of company stock worth $8,076,855 over the last three months. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

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

Comfort Systems USA Stock Down 10.3 %

Shares of FIX opened at $370.85 on Friday. The firm has a market cap of $13.25 billion, a P/E ratio of 36.72 and a beta of 1.13. Comfort Systems USA, Inc. has a 12-month low of $152.18 and a 12-month high of $424.63. The company’s 50-day moving average price is $371.25 and its 200 day moving average price is $335.29. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.04. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. Comfort Systems USA’s revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.74 EPS. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The firm also recently declared a 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. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Comfort Systems USA Profile

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.