Diversify Wealth Management LLC Cuts Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Diversify Wealth Management LLC decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,503 shares of the construction company’s stock after selling 493 shares during the period. Diversify Wealth Management LLC’s holdings in Comfort Systems USA were worth $1,031,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FIX. State of Michigan Retirement System increased its position in Comfort Systems USA by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 8,700 shares of the construction company’s stock valued at $2,764,000 after purchasing an additional 100 shares during the period. Van ECK Associates Corp increased its position in Comfort Systems USA by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 13,858 shares of the construction company’s stock valued at $4,403,000 after purchasing an additional 3,706 shares during the period. Retirement Systems of Alabama increased its position in Comfort Systems USA by 21.1% during the 1st quarter. Retirement Systems of Alabama now owns 54,177 shares of the construction company’s stock valued at $17,213,000 after purchasing an additional 9,446 shares during the period. Consolidated Portfolio Review Corp bought a new stake in shares of Comfort Systems USA in the 1st quarter valued at about $2,018,000. Finally, Diversify Advisory Services LLC bought a new stake in shares of Comfort Systems USA in the 1st quarter valued at about $961,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 1.5 %

NYSE:FIX opened at $390.04 on Thursday. Comfort Systems USA, Inc. has a fifty-two week low of $179.45 and a fifty-two week high of $424.63. The stock has a market capitalization of $13.93 billion, a P/E ratio of 38.62 and a beta of 1.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00. The company’s 50-day simple moving average is $374.60 and its 200-day simple moving average is $337.26.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. Comfort Systems USA’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period last year, the business earned $2.74 EPS. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a $0.35 dividend. The ex-dividend date is Thursday, November 14th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a yield of 0.36%. Comfort Systems USA’s dividend payout ratio (DPR) is 13.86%.

Insider Buying and Selling

In related news, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares in the company, valued at $2,144,220. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Vance W. Tang sold 2,700 shares of Comfort Systems USA stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares in the company, valued at $2,144,220. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 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 disclosure for this sale can be found here. Insiders sold 27,091 shares of company stock worth $9,129,855 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a 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.