Artemis Investment Management LLP Reduces Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Artemis Investment Management LLP trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX) by 34.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,398 shares of the construction company’s stock after selling 34,184 shares during the quarter. Artemis Investment Management LLP owned about 0.18% of Comfort Systems USA worth $25,138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Comfort Systems USA by 13.6% during the 2nd quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock worth $107,000 after buying an additional 42 shares during the last quarter. Caprock Group LLC increased its stake in shares of Comfort Systems USA by 9.8% in the second quarter. Caprock Group LLC now owns 705 shares of the construction company’s stock worth $214,000 after acquiring an additional 63 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of Comfort Systems USA by 22.0% during the second quarter. Sunbelt Securities Inc. now owns 350 shares of the construction company’s stock worth $106,000 after purchasing an additional 63 shares during the last quarter. CWM LLC lifted its position in Comfort Systems USA by 60.3% during the second quarter. CWM LLC now owns 218 shares of the construction company’s stock valued at $66,000 after purchasing an additional 82 shares during the period. Finally, Lifestyle Asset Management Inc. boosted its holdings in Comfort Systems USA by 9.6% in the second quarter. Lifestyle Asset Management Inc. now owns 1,107 shares of the construction company’s stock valued at $337,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value 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 approximately $12,503,914.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on 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 directly owns 219,205 shares in the company, valued at approximately $72,239,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,391 shares of company stock worth $8,076,855 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Trading Down 0.3 %

Comfort Systems USA stock opened at $405.31 on Wednesday. The firm has a market cap of $14.48 billion, a PE ratio of 40.13 and a beta of 1.13. Comfort Systems USA, Inc. has a 12 month low of $151.89 and a 12 month high of $412.48. The stock’s 50 day simple moving average is $344.92 and its two-hundred day simple moving average is $326.38. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05.

Comfort Systems USA (NYSE:FIX) last announced its quarterly 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 net margin of 7.02% and a return on equity of 31.49%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the firm posted $1.93 earnings per share. The firm’s quarterly revenue was up 39.6% compared to the same quarter last year. Analysts anticipate that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Announces Dividend

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 0.30%. The ex-dividend date was Monday, August 12th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Friday, October 4th.

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.