Ritholtz Wealth Management Purchases 197 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Ritholtz Wealth Management increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.6% during the 3rd quarter, Holdings Channel reports. The fund owned 4,499 shares of the construction company’s stock after buying an additional 197 shares during the quarter. Ritholtz Wealth Management’s holdings in Comfort Systems USA were worth $1,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FIX. Opal Wealth Advisors LLC bought a new position in Comfort Systems USA during the 2nd quarter worth approximately $41,000. Rise Advisors LLC acquired a new stake in Comfort Systems USA during the 1st quarter worth approximately $44,000. Contravisory Investment Management Inc. raised its holdings in Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after buying an additional 85 shares during the period. National Bank of Canada FI raised its holdings in Comfort Systems USA by 236.5% during the 2nd 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 period. Finally, Headlands Technologies LLC acquired a new stake in Comfort Systems USA during the 1st quarter worth approximately $65,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

NYSE FIX opened at $415.67 on Monday. 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 12-month low of $151.89 and a 12-month high of $417.80. The company has a market capitalization of $14.85 billion, a PE ratio of 41.16 and a beta of 1.13. The firm’s 50 day moving average is $352.29 and its 200-day moving average is $328.94.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $3.74 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the company earned $1.93 earnings per share. The firm’s revenue was up 39.6% compared to the same quarter last year. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.79 earnings per share 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. Stockholders of record on Monday, August 12th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.29%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Insider Activity

In related news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a 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 on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the transaction, the chief financial officer now directly owns 55,099 shares of the company’s stock, valued at approximately $18,301,683.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,391 shares of company stock worth $8,076,855 over the last ninety days. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

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

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.