Crossmark Global Holdings Inc. Has $1.11 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Crossmark Global Holdings Inc. lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 10.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,840 shares of the construction company’s stock after selling 338 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Comfort Systems USA were worth $1,108,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Comfort Systems USA in the 3rd quarter worth about $38,000. Opal Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the 2nd quarter worth about $41,000. V Square Quantitative Management LLC lifted its holdings in shares of Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after buying an additional 47 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its stake in shares of Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

FIX opened at $439.42 on Friday. The stock has a 50-day moving average of $393.24 and a 200-day moving average of $346.26. 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, Inc. has a 52-week low of $185.83 and a 52-week high of $474.62. The company has a market cap of $15.64 billion, a PE ratio of 33.89 and a beta of 1.13.

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

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.32%. The ex-dividend date is Thursday, November 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is 9.18%.

Insiders Place Their Bets

In related news, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the transaction, the director now owns 9,036 shares of the company’s stock, valued at approximately $3,699,880.56. The trade was a 21.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the completion of the sale, the director now directly owns 37,193 shares in the company, valued at $12,503,914.67. This trade represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,591 shares of company stock valued at $9,892,415 in the last quarter. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th.

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.