Park Avenue Securities LLC Sells 611 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Park Avenue Securities LLC decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 17.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,830 shares of the construction company’s stock after selling 611 shares during the quarter. Park Avenue Securities LLC’s holdings in Comfort Systems USA were worth $1,105,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FIX. Capital World Investors raised its holdings in Comfort Systems USA by 26.6% in the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after purchasing an additional 451,852 shares during the period. Westfield Capital Management Co. LP increased its position in shares of Comfort Systems USA by 56.4% in the 1st quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock valued at $211,924,000 after buying an additional 240,466 shares in the last quarter. Federated Hermes Inc. raised its stake in Comfort Systems USA by 2.1% during the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock worth $126,461,000 after buying an additional 8,578 shares during the period. Millennium Management LLC lifted its holdings in Comfort Systems USA by 477.9% during the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock worth $104,229,000 after acquiring an additional 283,416 shares in the last quarter. Finally, Congress Asset Management Co. MA grew its stake in Comfort Systems USA by 3.4% in the first quarter. Congress Asset Management Co. MA now owns 271,323 shares of the construction company’s stock valued at $86,202,000 after acquiring an additional 8,889 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction that occurred 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 sale, the director now directly owns 37,193 shares in the company, valued at $12,503,914.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the completion of the transaction, the director now owns 37,193 shares in the company, valued at $12,503,914.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the company’s 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 sale, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,391 shares of company stock valued at $8,076,855 in the last quarter. 1.80% of the stock is currently owned by insiders.

Comfort Systems USA Stock Down 0.3 %

Comfort Systems USA stock opened at $405.31 on Wednesday. The company has a 50 day moving average of $344.92 and a 200-day moving average of $326.38. 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, Inc. has a twelve month low of $151.89 and a twelve month high of $412.48. The stock has a market capitalization of $14.48 billion, a PE ratio of 40.13 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share 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 during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the business earned $1.93 EPS. The company’s revenue for the quarter was up 39.6% compared to the same quarter last year. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.79 EPS for the current fiscal year.

Comfort Systems USA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.30%. 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.