Congress Asset Management Co. lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 5.5% in the third quarter, Holdings Channel reports. The firm owned 265,970 shares of the construction company’s stock after selling 15,543 shares during the period. Congress Asset Management Co.’s holdings in Comfort Systems USA were worth $103,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in FIX. Capital World Investors lifted its holdings in Comfort Systems USA by 26.6% in the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after buying an additional 451,852 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of Comfort Systems USA by 56.4% during 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. boosted its holdings in shares of Comfort Systems USA by 2.1% during the 2nd quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock valued at $126,461,000 after buying an additional 8,578 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Comfort Systems USA by 477.9% during the 2nd 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 in the last quarter. Finally, Driehaus Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 5.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company’s stock valued at $46,440,000 after buying an additional 8,363 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.
Insider Buying and Selling
In related news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the company’s 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 transaction, the insider now owns 219,205 shares in the company, valued at approximately $72,239,007.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the transaction, the director now owns 5,498 shares in the company, valued at $2,144,220. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,091 shares of company stock worth $9,129,855 in the last quarter. Corporate insiders own 1.80% of the company’s stock.
Comfort Systems USA Stock Down 0.5 %
Comfort Systems USA (NYSE:FIX – Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. Comfort Systems USA’s revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.74 EPS. On average, analysts expect that Comfort Systems USA, Inc. will post 13.79 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be paid a $0.35 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.36%. Comfort Systems USA’s payout ratio is presently 13.86%.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th.
Check Out Our Latest Stock Analysis on Comfort Systems USA
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.
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