Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC decreased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 35.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86 shares of the construction company’s stock after selling 48 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Comfort Systems USA were worth $26,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Private Advisor Group LLC acquired a new position in Comfort Systems USA in the fourth quarter valued at $297,000. Vanguard Personalized Indexing Management LLC grew its stake in Comfort Systems USA by 30.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 1,911 shares of the construction company’s stock worth $393,000 after buying an additional 448 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Comfort Systems USA by 89.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 3,704 shares of the construction company’s stock worth $762,000 after buying an additional 1,753 shares during the period. Securian Asset Management Inc. purchased a new stake in Comfort Systems USA in the fourth quarter valued at approximately $620,000. Finally, Norges Bank acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $81,299,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 stock was sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the transaction, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William George III sold 5,845 shares of the firm’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 directly owns 55,099 shares of the company’s stock, valued at approximately $18,301,683.84. The disclosure for this sale can be found here. Insiders have sold a total of 24,391 shares of company stock worth $8,076,855 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Up 6.7 %

FIX opened at $380.27 on Friday. The business has a 50 day moving average price of $325.41 and a two-hundred day moving average price of $319.19. Comfort Systems USA, Inc. has a 52 week low of $151.89 and a 52 week high of $382.00. The company has a market cap of $13.58 billion, a PE ratio of 37.65 and a beta of 1.13. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.05.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $3.74 EPS for the quarter, topping the consensus estimate of $3.14 by $0.60. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The company’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.93 earnings per share. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 13.79 EPS for the current year.

Comfort Systems USA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.32%. The ex-dividend date was Monday, August 12th. Comfort Systems USA’s payout ratio is 11.88%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

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.