Atria Investments Inc Sells 591 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Atria Investments Inc trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,976 shares of the construction company’s stock after selling 591 shares during the quarter. Atria Investments Inc’s holdings in Comfort Systems USA were worth $1,162,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FIX. SG Americas Securities LLC boosted its position in Comfort Systems USA by 61.2% in the 1st quarter. SG Americas Securities LLC now owns 1,725 shares of the construction company’s stock valued at $548,000 after buying an additional 655 shares during the period. Sei Investments Co. boosted its position in Comfort Systems USA by 3.4% in the 1st quarter. Sei Investments Co. now owns 27,548 shares of the construction company’s stock valued at $8,753,000 after buying an additional 912 shares during the period. Russell Investments Group Ltd. boosted its position in Comfort Systems USA by 2.2% in the 1st quarter. Russell Investments Group Ltd. now owns 34,625 shares of the construction company’s stock valued at $11,003,000 after buying an additional 754 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Comfort Systems USA in the 1st quarter valued at about $313,000. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Comfort Systems USA by 14.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,585 shares of the construction company’s stock worth $3,681,000 after purchasing an additional 1,470 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Insider Transactions at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total value of $1,023,650.00. Following the transaction, the director now directly owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. This trade represents a 21.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the sale, the insider now owns 204,205 shares of the company’s stock, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,591 shares of company stock valued at $16,625,615. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research report on Friday. They issued a “buy” rating and a $524.00 price target for the company. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.00.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $445.02 on Friday. The company’s fifty day moving average price is $398.73 and its 200 day moving average price is $347.84. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $474.62. The company has a market capitalization of $15.84 billion, a PE ratio of 34.05 and a beta of 1.13. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company’s revenue was up 31.5% compared to the same quarter last year. During the same period last year, the firm posted $2.74 earnings per share. On average, research analysts predict that Comfort Systems USA, Inc. will post 13.88 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a $0.35 dividend. 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 0.31%. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

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.