Coldstream Capital Management Inc. Sells 306 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Coldstream Capital Management Inc. lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 12.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,091 shares of the construction company’s stock after selling 306 shares during the period. Coldstream Capital Management Inc.’s holdings in Comfort Systems USA were worth $636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIX. GAMMA Investing LLC grew its holdings in Comfort Systems USA by 13.6% during the second quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock worth $107,000 after buying an additional 42 shares in the last quarter. Caprock Group LLC raised its holdings in shares of Comfort Systems USA by 9.8% in the second quarter. Caprock Group LLC now owns 705 shares of the construction company’s stock valued at $214,000 after purchasing an additional 63 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Comfort Systems USA in the first quarter valued at about $25,000. CWM LLC boosted 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 purchasing an additional 82 shares during the last quarter. Finally, Lifestyle Asset Management Inc. grew its position in Comfort Systems USA by 9.6% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 1,107 shares of the construction company’s stock worth $337,000 after purchasing an additional 97 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $339.00 on Friday. The company has a market capitalization of $12.11 billion, a P/E ratio of 33.56 and a beta of 1.13. The company’s 50-day moving average is $320.25 and its 200 day moving average is $317.10. 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 fifty-two week low of $151.89 and a fifty-two week high of $359.33.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.60. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $1.93 earnings per share. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a $0.30 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.35%. Comfort Systems USA’s payout ratio is presently 11.88%.

Analyst Ratings Changes

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

Insider Activity

In related news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 219,205 shares in the company, valued at approximately $72,239,007.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now directly 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 have sold 24,391 shares of company stock valued at $8,076,855 in the last 90 days. Insiders own 1.80% of the company’s stock.

Comfort Systems USA Company 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.