Axxcess Wealth Management LLC Increases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Axxcess Wealth Management LLC grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 197.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,933 shares of the construction company’s stock after purchasing an additional 1,283 shares during the period. Axxcess Wealth Management LLC’s holdings in Comfort Systems USA were worth $588,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in Comfort Systems USA during the second quarter worth about $41,000. Rise Advisors LLC purchased a new stake in Comfort Systems USA during the first quarter worth about $44,000. Headlands Technologies LLC purchased a new stake in Comfort Systems USA during the first quarter worth about $65,000. National Bank of Canada FI increased its holdings in Comfort Systems USA by 236.5% during the second quarter. National Bank of Canada FI now owns 212 shares of the construction company’s stock worth $62,000 after buying an additional 149 shares during the last quarter. Finally, CWM LLC increased its holdings in Comfort Systems USA by 60.3% during the second quarter. CWM LLC now owns 218 shares of the construction company’s stock worth $66,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $385.16 on Friday. 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 company has a market capitalization of $13.76 billion, a PE ratio of 38.13 and a beta of 1.13. Comfort Systems USA, Inc. has a 52-week low of $151.89 and a 52-week high of $387.90. The company has a 50-day simple moving average of $326.67 and a 200 day simple moving average of $319.65.

Comfort Systems USA (NYSE:FIX) last issued 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. The firm had revenue of $1.81 billion during 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 company’s quarterly revenue was up 39.6% on a year-over-year basis. During the same quarter last year, the business earned $1.93 earnings per share. On average, research analysts predict that Comfort Systems USA, Inc. will post 13.79 EPS for the current year.

Comfort Systems USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given 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 is presently 11.88%.

Insiders Place Their Bets

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

Analyst Ratings Changes

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

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.