Ontario Teachers Pension Plan Board trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 62.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,449 shares of the construction company’s stock after selling 2,383 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Comfort Systems USA were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of FIX. CANADA LIFE ASSURANCE Co boosted its stake in shares of Comfort Systems USA by 14.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 23,896 shares of the construction company’s stock worth $7,594,000 after acquiring an additional 3,059 shares during the period. Shell Asset Management Co. boosted its holdings in shares of Comfort Systems USA by 36.9% during the 1st quarter. Shell Asset Management Co. now owns 1,581 shares of the construction company’s stock worth $502,000 after buying an additional 426 shares during the period. CreativeOne Wealth LLC acquired a new position in Comfort Systems USA in the 1st quarter valued at about $1,044,000. Axxcess Wealth Management LLC bought a new position in Comfort Systems USA in the 1st quarter valued at about $206,000. Finally, 1832 Asset Management L.P. acquired a new stake in Comfort Systems USA during the first quarter worth approximately $2,383,000. 96.51% of the stock is owned by institutional investors.
Insider Buying and Selling at Comfort Systems USA
In other news, Director Darcy Anderson sold 3,546 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the sale, the director now directly owns 37,193 shares in the company, valued at $12,503,914.67. This represents a 8.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. The trade was a 32.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,746 shares of company stock worth $14,684,140. 1.80% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on FIX
Comfort Systems USA Trading Up 3.1 %
Shares of FIX stock opened at $491.09 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a fifty-two week low of $185.83 and a fifty-two week high of $494.37. The company has a market cap of $17.48 billion, a PE ratio of 37.57 and a beta of 1.13. The stock’s fifty day moving average price is $407.56 and its two-hundred day moving average price is $351.45.
Comfort Systems USA (NYSE:FIX – Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) 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 business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company earned $2.74 EPS. The firm’s quarterly revenue was up 31.5% compared to the same quarter last year. Equities analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, November 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.29%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.
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.
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