Portside Wealth Group LLC Increases Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Portside Wealth Group LLC boosted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,254 shares of the construction company’s stock after purchasing an additional 58 shares during the quarter. Portside Wealth Group LLC’s holdings in Comfort Systems USA were worth $880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Comfort Systems USA in the third quarter worth approximately $38,000. Opal Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter valued at $41,000. V Square Quantitative Management LLC lifted its holdings in shares of 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 acquiring an additional 47 shares during the last quarter. Contravisory Investment Management Inc. grew its position in Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after acquiring an additional 85 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in Comfort Systems USA by 236.5% in the second quarter. National Bank of Canada FI now owns 212 shares of the construction company’s stock valued at $62,000 after acquiring an additional 149 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $462.03 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a market cap of $16.45 billion, a PE ratio of 35.35 and a beta of 1.13. The company’s fifty day moving average is $385.36 and its 200 day moving average is $342.85. Comfort Systems USA, Inc. has a 52 week low of $183.23 and a 52 week high of $462.06.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the company posted $2.74 EPS. Comfort Systems USA’s revenue for the quarter was up 31.5% on a year-over-year basis. Research analysts anticipate that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is 10.71%.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on 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 completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the sale, the director now directly owns 37,193 shares of the company’s stock, valued at $12,503,914.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were 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 $72,239,007.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,591 shares of company stock worth $14,835,665. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

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

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.