Moloney Securities Asset Management LLC Invests $1.01 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Moloney Securities Asset Management LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,581 shares of the construction company’s stock, valued at approximately $1,007,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FIX. Concurrent Investment Advisors LLC bought a new stake in Comfort Systems USA during the 1st quarter worth about $550,000. Comerica Bank lifted its holdings in Comfort Systems USA by 34.5% in the first quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock valued at $32,956,000 after buying an additional 26,616 shares during the period. Cetera Advisors LLC acquired a new position in Comfort Systems USA in the first quarter valued at approximately $971,000. Schwartz Investment Counsel Inc. bought a new position in Comfort Systems USA in the third quarter valued at approximately $1,327,000. Finally, Atria Investments Inc acquired a new stake in Comfort Systems USA during the 1st quarter worth $1,192,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $410.99 on Wednesday. The company has a market capitalization of $14.63 billion, a price-to-earnings ratio of 31.45 and a beta of 1.13. The firm’s 50 day simple moving average is $379.32 and its 200 day simple moving average is $340.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a fifty-two week low of $183.23 and a fifty-two week 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 for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm posted $2.74 earnings per share. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current 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. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is 9.18%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Comfort Systems USA

In related news, CFO William George III sold 5,845 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 55,099 shares in the company, valued at approximately $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 can be accessed through this hyperlink. In other Comfort Systems USA news, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the sale, the chairman now directly owns 106,498 shares of the company’s stock, valued at $41,553,389.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 39,091 shares of company stock valued at $13,812,015 over the last 90 days. 1.80% of the stock is owned by company insiders.

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.