Price T Rowe Associates Inc. MD Sells 58,599 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Price T Rowe Associates Inc. MD lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 12.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 417,231 shares of the construction company’s stock after selling 58,599 shares during the period. Price T Rowe Associates Inc. MD owned about 1.17% of Comfort Systems USA worth $132,559,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIX. V Square Quantitative Management LLC purchased a new stake in Comfort Systems USA in the 1st quarter worth approximately $25,000. Byrne Asset Management LLC bought a new position in Comfort Systems USA in the 4th quarter worth $26,000. Rise Advisors LLC bought a new position in Comfort Systems USA in the 1st quarter worth $44,000. GAMMA Investing LLC purchased a new stake in shares of Comfort Systems USA in the 4th quarter worth about $61,000. Finally, Spire Wealth Management bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at about $61,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Up 2.7 %

NYSE FIX traded up $8.41 during trading hours on Monday, reaching $318.17. 116,314 shares of the company’s stock traded hands, compared to its average volume of 409,789. Comfort Systems USA, Inc. has a 52-week low of $151.89 and a 52-week high of $352.45. 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 firm has a 50-day simple moving average of $316.23 and a 200 day simple moving average of $294.59. The firm has a market cap of $11.35 billion, a PE ratio of 30.67 and a beta of 1.15.

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, beating the consensus estimate of $3.14 by $0.60. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period last year, the business earned $1.93 earnings per share. The business’s revenue was up 39.6% on a year-over-year basis. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 12.24 EPS for the current fiscal year.

Comfort Systems USA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be paid a $0.30 dividend. The ex-dividend date is Monday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.38%. Comfort Systems USA’s dividend payout ratio is presently 11.88%.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Vance W. Tang sold 988 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total value of $338,884.00. Following the completion of the transaction, the director now owns 11,173 shares in the company, valued at $3,832,339. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Vance W. Tang sold 3,473 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the completion of the sale, the director now owns 8,198 shares in the company, valued at $2,541,380. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vance W. Tang sold 988 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total value of $338,884.00. Following the completion of the transaction, the director now directly owns 11,173 shares in the company, valued at $3,832,339. The disclosure for this sale can be found here. Insiders have sold a total of 7,961 shares of company stock worth $2,622,664 over the last 90 days. 1.80% of the stock is currently owned by insiders.

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.