Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 23.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,110 shares of the construction company’s stock after selling 24,546 shares during the quarter. Envestnet Asset Management Inc. owned 0.22% of Comfort Systems USA worth $23,755,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norden Group LLC boosted its holdings in Comfort Systems USA by 1,143.4% in the first quarter. Norden Group LLC now owns 50,545 shares of the construction company’s stock valued at $16,056,000 after acquiring an additional 46,480 shares during the last quarter. Hennessy Advisors Inc. raised its position in Comfort Systems USA by 18.6% in the first quarter. Hennessy Advisors Inc. now owns 173,800 shares of the construction company’s stock valued at $55,218,000 after purchasing an additional 27,200 shares during the period. Harvest Investment Services LLC purchased a new position in Comfort Systems USA in the fourth quarter valued at about $511,000. Concurrent Investment Advisors LLC purchased a new position in Comfort Systems USA in the first quarter valued at about $550,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Comfort Systems USA in the first quarter valued at about $898,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the sale, the insider now directly owns 219,205 shares of the company’s stock, valued at $72,239,007.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated 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 directly owns 219,205 shares in the company, valued at $72,239,007.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction dated 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 owns 55,099 shares of the company’s stock, valued at $18,301,683.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,391 shares of company stock valued at $8,076,855. 1.80% of the stock is currently owned by insiders.

Comfort Systems USA Stock Up 1.3 %

Shares of NYSE FIX opened at $385.16 on Monday. Comfort Systems USA, Inc. has a 1 year low of $151.89 and a 1 year high of $387.90. The firm has a market cap of $13.76 billion, a price-to-earnings ratio of 38.13 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 stock’s 50-day simple moving average is $326.67 and its 200-day simple moving average is $319.72.

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

Comfort Systems USA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Monday, August 12th. Comfort Systems USA’s payout ratio is 11.88%.

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.