Inspire Investing LLC Lowers Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Inspire Investing LLC lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 70.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,143 shares of the construction company’s stock after selling 2,790 shares during the quarter. Inspire Investing LLC’s holdings in Comfort Systems USA were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Comfort Systems USA by 13.6% in the second quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock valued at $107,000 after buying an additional 42 shares during the period. Caprock Group LLC raised its stake in shares of Comfort Systems USA by 9.8% in the 2nd quarter. Caprock Group LLC now owns 705 shares of the construction company’s stock valued at $214,000 after acquiring an additional 63 shares during the period. CWM LLC lifted its holdings in shares of Comfort Systems USA by 60.3% during the 2nd quarter. CWM LLC now owns 218 shares of the construction company’s stock valued at $66,000 after acquiring an additional 82 shares in the last quarter. Lifestyle Asset Management Inc. boosted its position in Comfort Systems USA by 9.6% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 1,107 shares of the construction company’s stock worth $337,000 after purchasing an additional 97 shares during the period. Finally, State of Michigan Retirement System increased its holdings in Comfort Systems USA by 1.2% in 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 in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

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

Comfort Systems USA Trading Up 0.2 %

FIX opened at $388.30 on Wednesday. The firm’s 50 day moving average is $329.13 and its 200-day moving average is $320.79. Comfort Systems USA, Inc. has a 52-week low of $151.89 and a 52-week high of $393.29. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $13.87 billion, a P/E ratio of 38.45 and a beta of 1.13.

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

Comfort Systems USA Announces Dividend

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

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 219,205 shares in the company, valued at approximately $72,239,007.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 219,205 shares of the company’s stock, valued at $72,239,007.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 5,845 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 55,099 shares in the company, valued at approximately $18,301,683.84. The disclosure for this sale can be found here. Insiders have sold 24,391 shares of company stock worth $8,076,855 in the last three months. 1.80% of the stock is owned by insiders.

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.