Canandaigua National Bank & Trust Co. Sells 486 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Canandaigua National Bank & Trust Co. lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 45.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 595 shares of the construction company’s stock after selling 486 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Comfort Systems USA were worth $232,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Comfort Systems USA by 13.6% during the 2nd quarter. GAMMA Investing LLC now owns 351 shares of the construction company’s stock worth $107,000 after buying an additional 42 shares during the period. Caprock Group LLC raised its position in Comfort Systems USA by 9.8% in the 2nd 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. Sunbelt Securities Inc. raised its position in Comfort Systems USA by 22.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 350 shares of the construction company’s stock valued at $106,000 after purchasing an additional 63 shares during the last quarter. CWM LLC raised its position in Comfort Systems USA by 60.3% in the 2nd quarter. CWM LLC now owns 218 shares of the construction company’s stock valued at $66,000 after purchasing an additional 82 shares during the last quarter. Finally, Lifestyle Asset Management Inc. raised 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 valued at $337,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Activity

In related news, Director Darcy Anderson sold 3,546 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the sale, the director now owns 37,193 shares of the company’s stock, valued at $12,503,914.67. This 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. In other Comfort Systems USA news, Director Darcy Anderson sold 3,546 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the sale, the director now directly owns 37,193 shares in the company, valued at $12,503,914.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the company’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 sale, the insider now 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,391 shares of company stock valued at $8,076,855. 1.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Friday.

Comfort Systems USA Stock Performance

FIX stock opened at $402.53 on Friday. The firm has a market cap of $14.38 billion, a PE ratio of 39.85 and a beta of 1.13. The business’s 50-day moving average price is $343.08 and its two-hundred day moving average price is $325.71. Comfort Systems USA, Inc. has a 1-year low of $151.89 and a 1-year high of $407.61. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.60. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the company posted $1.93 earnings per share. Comfort Systems USA’s revenue was up 39.6% on a year-over-year basis. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Dividend Announcement

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

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.