Comfort Systems USA, Inc. (NYSE:FIX) Stake Cut by Optimum Investment Advisors

Optimum Investment Advisors cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,044 shares of the construction company’s stock after selling 175 shares during the quarter. Comfort Systems USA accounts for about 0.7% of Optimum Investment Advisors’ investment portfolio, making the stock its 26th largest holding. Optimum Investment Advisors’ holdings in Comfort Systems USA were worth $1,579,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FIX. Capital World Investors lifted its stake in Comfort Systems USA by 26.6% during 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 last quarter. Millennium Management LLC lifted its stake in Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after buying an additional 283,416 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in Comfort Systems USA by 56.4% in the first 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 during the last quarter. Blackstone Inc. bought a new stake in Comfort Systems USA in the first quarter valued at $41,302,000. Finally, Swedbank AB bought a new stake in Comfort Systems USA in the first quarter valued at $31,771,000. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th.

Insider Activity

In other news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated 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 transaction, the insider now directly owns 219,205 shares of the company’s stock, valued at $72,239,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA 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 transaction, the director now directly owns 37,193 shares in the company, valued at approximately $12,503,914.67. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,391 shares of company stock valued at $8,076,855. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $419.25 on Friday. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of 41.51 and a beta of 1.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00. Comfort Systems USA, Inc. has a one year low of $151.89 and a one year high of $424.43. The stock’s fifty day moving average is $361.08 and its 200-day moving average is $331.53.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $3.74 EPS for the quarter, beating analysts’ consensus estimates of $3.14 by $0.60. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.69 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The company’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same period last year, the company earned $1.93 earnings per share. Equities analysts anticipate that Comfort Systems USA, Inc. will post 13.79 EPS for the current year.

Comfort Systems USA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Monday, August 12th. Comfort Systems USA’s dividend payout ratio (DPR) is 11.88%.

Comfort Systems USA 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.