Congress Wealth Management LLC DE Decreases Position in Comfort Systems USA, Inc. (NYSE:FIX)

Congress Wealth Management LLC DE decreased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 6.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 53,081 shares of the construction company’s stock after selling 3,881 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Comfort Systems USA were worth $16,865,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FIX. Diversified Trust Co lifted its stake in shares of Comfort Systems USA by 4.4% in the first quarter. Diversified Trust Co now owns 6,294 shares of the construction company’s stock worth $2,000,000 after acquiring an additional 264 shares in the last quarter. Hennessy Advisors Inc. lifted its stake in shares of Comfort Systems USA by 18.6% in the first quarter. Hennessy Advisors Inc. now owns 173,800 shares of the construction company’s stock worth $55,218,000 after acquiring an additional 27,200 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Comfort Systems USA by 2,107.7% in the first quarter. Sunbelt Securities Inc. now owns 287 shares of the construction company’s stock worth $91,000 after acquiring an additional 274 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the first quarter worth about $898,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Comfort Systems USA in the first quarter worth about $261,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In other news, Director Darcy Anderson sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the sale, the director now directly owns 40,241 shares in the company, valued at approximately $13,879,120.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Vance W. Tang sold 3,473 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total value of $1,076,630.00. Following the completion of the transaction, the director now directly owns 8,198 shares of the company’s stock, valued at approximately $2,541,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darcy Anderson sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the transaction, the director now directly owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,961 shares of company stock worth $2,622,664. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

Comfort Systems USA Stock Down 3.1 %

NYSE FIX traded down $9.36 on Monday, hitting $294.76. 562,538 shares of the stock traded hands, compared to its average volume of 406,615. The stock has a 50-day moving average of $321.27 and a 200 day moving average of $280.41. Comfort Systems USA, Inc. has a twelve month low of $151.89 and a twelve month high of $352.45. The company has a market capitalization of $10.53 billion, a P/E ratio of 29.18 and a beta of 1.15. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.43. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. Comfort Systems USA’s revenue for the quarter was up 30.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.51 earnings per share. As a group, analysts expect that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.41%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, May 10th. Comfort Systems USA’s dividend payout ratio 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.