Diversify Advisory Services LLC Decreases Position in Comfort Systems USA, Inc. (NYSE:FIX)

Diversify Advisory Services LLC decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 23.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,271 shares of the construction company’s stock after selling 389 shares during the quarter. Diversify Advisory Services LLC’s holdings in Comfort Systems USA were worth $527,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA in the third quarter valued at approximately $38,000. V Square Quantitative Management LLC lifted its stake in Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after buying an additional 47 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Comfort Systems USA in the second quarter valued at approximately $41,000. Contravisory Investment Management Inc. lifted its stake in Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after buying an additional 85 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Comfort Systems USA in the first quarter valued at approximately $65,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $390.04 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.97. The stock has a fifty day moving average price of $374.60 and a 200 day moving average price of $337.26. Comfort Systems USA, Inc. has a 1-year low of $179.45 and a 1-year high of $424.63. The company has a market cap of $13.93 billion, a PE ratio of 38.62 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company earned $2.74 earnings per share. The company’s revenue for the quarter was up 31.5% on a year-over-year basis. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.79 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a dividend yield of 0.36%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 13.86%.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 15,000 shares of the 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 completion of the sale, the insider now directly owns 219,205 shares of the company’s stock, valued at $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 available through this link. 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 value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vance W. Tang sold 2,700 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the sale, the director now directly owns 5,498 shares in the company, valued at approximately $2,144,220. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,091 shares of company stock valued at $9,129,855 over the last three months. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.