Comfort Systems USA, Inc. (NYSE:FIX) Stake Boosted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 372.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,525 shares of the construction company’s stock after purchasing an additional 5,143 shares during the period. Exchange Traded Concepts LLC’s holdings in Comfort Systems USA were worth $2,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Comfort Systems USA in the second quarter valued at $41,000. Rise Advisors LLC bought a new stake in Comfort Systems USA in the 1st quarter valued at about $44,000. Contravisory Investment Management Inc. boosted its stake in Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after purchasing an additional 85 shares during the period. Headlands Technologies LLC bought a new position in Comfort Systems USA in the 1st quarter worth about $65,000. Finally, National Bank of Canada FI increased its stake in shares of Comfort Systems USA by 236.5% in the second quarter. National Bank of Canada FI now owns 212 shares of the construction company’s stock valued at $62,000 after purchasing an additional 149 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

FIX stock opened at $418.76 on Tuesday. The company has a 50-day simple moving average of $354.64 and a 200 day simple moving average of $329.65. The company has a market capitalization of $14.96 billion, a P/E ratio of 41.46 and a beta of 1.13. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. Comfort Systems USA, Inc. has a fifty-two week low of $151.89 and a fifty-two week high of $424.43.

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

Comfort Systems USA Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date was Monday, August 12th. Comfort Systems USA’s payout ratio is currently 11.88%.

Analyst Ratings Changes

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

Insider Activity

In other news, 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 completion of the sale, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. 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 this link. In related news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated 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 transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darcy Anderson sold 3,546 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were 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 of the company’s stock, valued at $12,503,914.67. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,391 shares of company stock worth $8,076,855. 1.80% of the stock is owned by company insiders.

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.