F M Investments LLC Sells 20,509 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

F M Investments LLC lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 33.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,038 shares of the construction company’s stock after selling 20,509 shares during the period. F M Investments LLC owned approximately 0.11% of Comfort Systems USA worth $16,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in shares of Comfort Systems USA by 36.5% during the first quarter. Van ECK Associates Corp now owns 13,858 shares of the construction company’s stock worth $4,403,000 after purchasing an additional 3,706 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in Comfort Systems USA during the 1st quarter valued at about $961,000. BNP Paribas Financial Markets raised its stake in Comfort Systems USA by 24.6% in the first quarter. BNP Paribas Financial Markets now owns 62,094 shares of the construction company’s stock valued at $19,728,000 after buying an additional 12,253 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in Comfort Systems USA in the first quarter valued at about $584,000. Finally, BNP Paribas acquired a new stake in Comfort Systems USA in the first quarter worth about $1,641,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In related news, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction dated 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 transaction, the chief financial officer now owns 55,099 shares in the company, valued at $18,301,683.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO William George III sold 5,845 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were 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 approximately $18,301,683.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the transaction, the insider now owns 219,205 shares of the company’s stock, valued at $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. Over the last quarter, insiders sold 39,091 shares of company stock worth $13,812,015. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX traded up $1.27 on Friday, hitting $392.31. 352,009 shares of the company’s stock traded hands, compared to its average volume of 385,422. The firm’s 50-day moving average price is $376.75 and its two-hundred day moving average price is $338.25. The firm has a market capitalization of $13.96 billion, a PE ratio of 30.02 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, Inc. has a 1-year low of $183.23 and a 1-year high of $424.63.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. Comfort Systems USA’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.74 earnings per share. As a group, analysts expect that Comfort Systems USA, Inc. will post 13.88 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. Shareholders of record on Thursday, November 14th will be issued a $0.35 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.36%. Comfort Systems USA’s payout ratio is presently 9.18%.

Wall Street Analyst Weigh In

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

Comfort Systems USA Company 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.