SG Americas Securities LLC Decreases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

SG Americas Securities LLC cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 56.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,281 shares of the construction company’s stock after selling 8,150 shares during the quarter. SG Americas Securities LLC’s holdings in Comfort Systems USA were worth $611,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FIX. Raymond James Trust N.A. purchased a new position in Comfort Systems USA in the 3rd quarter valued at about $210,000. Wipfli Financial Advisors LLC purchased a new position in Comfort Systems USA in the 3rd quarter valued at about $216,000. Meritage Portfolio Management lifted its holdings in Comfort Systems USA by 8.8% in the 3rd quarter. Meritage Portfolio Management now owns 4,912 shares of the construction company’s stock valued at $478,000 after purchasing an additional 397 shares in the last quarter. Ziegler Capital Management LLC lifted its holdings in Comfort Systems USA by 24.5% in the 3rd quarter. Ziegler Capital Management LLC now owns 113,510 shares of the construction company’s stock valued at $11,048,000 after purchasing an additional 22,333 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in Comfort Systems USA in the 3rd quarter valued at about $1,664,000. 94.26% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 2.0 %

Shares of FIX stock opened at $117.09 on Monday. The firm has a market cap of $4.19 billion, a P/E ratio of 18.53 and a beta of 1.24. Comfort Systems USA, Inc. has a 1-year low of $74.14 and a 1-year high of $128.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 1.26. The firm’s 50-day simple moving average is $120.08 and its 200-day simple moving average is $108.79.

Comfort Systems USA (NYSE:FIX – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The construction company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.20. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. Comfort Systems USA had a net margin of 5.88% and a return on equity of 19.58%. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 5.14 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Thursday, November 17th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Wednesday, November 16th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.14. Comfort Systems USA’s dividend payout ratio is 9.49%.

Insider Buying and Selling

In related news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $120.27, for a total transaction of $360,810.00. Following the completion of the sale, the director now owns 27,722 shares of the company’s stock, valued at approximately $3,334,124.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO William George III sold 7,500 shares of the stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $125.37, for a total transaction of $940,275.00. Following the completion of the sale, the chief financial officer now owns 42,431 shares of the company’s stock, valued at approximately $5,319,574.47. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $120.27, for a total transaction of $360,810.00. Following the sale, the director now directly owns 27,722 shares of the company’s stock, valued at approximately $3,334,124.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,150 shares of company stock valued at $6,046,228. 2.48% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on FIX. StockNews.com began coverage on shares of Comfort Systems USA in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. DA Davidson increased their price objective on shares of Comfort Systems USA to $135.00 in a report on Tuesday, November 1st.

Comfort Systems USA Company Profile

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Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates through the following segments: Mechanical Services, and Electrical Services. The Mechanical Services segment includes HVAC, plumbing, piping, and controls, as well as off-site construction, monitoring and fire protection.