Retirement Guys Formula LLC Takes $220,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Retirement Guys Formula LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 564 shares of the construction company’s stock, valued at approximately $220,000.

A number of other large investors have also modified their holdings of the stock. Norden Group LLC grew its stake in Comfort Systems USA by 1,143.4% during the 1st quarter. Norden Group LLC now owns 50,545 shares of the construction company’s stock valued at $16,056,000 after purchasing an additional 46,480 shares in the last quarter. Hennessy Advisors Inc. grew its stake in Comfort Systems USA by 18.6% during the 1st quarter. Hennessy Advisors Inc. now owns 173,800 shares of the construction company’s stock valued at $55,218,000 after purchasing an additional 27,200 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Comfort Systems USA during the 1st quarter valued at approximately $550,000. Kingswood Wealth Advisors LLC acquired a new stake in Comfort Systems USA during the 1st quarter valued at approximately $898,000. Finally, Comerica Bank grew its stake in Comfort Systems USA by 34.5% during the 1st quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock valued at $32,956,000 after purchasing an additional 26,616 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred 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 approximately $72,239,007.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Comfort Systems USA news, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA 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 sale, the director now owns 37,193 shares of the company’s stock, valued at $12,503,914.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, August 14th. The shares were 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 $72,239,007.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,391 shares of company stock valued at $8,076,855. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th.

Comfort Systems USA Stock Performance

NYSE:FIX traded up $2.01 during trading hours on Monday, reaching $419.55. 77,728 shares of the stock were exchanged, compared to its average volume of 380,976. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. The firm has a 50 day simple moving average of $363.16 and a 200-day simple moving average of $332.42. Comfort Systems USA, Inc. has a 52 week low of $151.89 and a 52 week high of $424.43. The stock has a market capitalization of $14.99 billion, a P/E ratio of 41.56 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last released its 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 return on equity of 31.49% and a net margin of 7.02%. Comfort Systems USA’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 EPS. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current fiscal year.

Comfort Systems USA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Monday, August 12th. Comfort Systems USA’s dividend payout ratio (DPR) 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.