Benjamin F. Edwards & Company Inc. Reduces Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Benjamin F. Edwards & Company Inc. cut its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 93.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85 shares of the construction company’s stock after selling 1,170 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Comfort Systems USA were worth $26,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norden Group LLC grew its position in shares of Comfort Systems USA by 1,143.4% in the first 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 during the last quarter. Hennessy Advisors Inc. grew its position in shares of Comfort Systems USA by 18.6% in the first 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 during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Comfort Systems USA in the first quarter valued at approximately $550,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA in the first quarter valued at approximately $898,000. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $4,875,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, 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 transaction, the insider now owns 219,205 shares in the company, valued at approximately $72,239,007.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Comfort Systems USA news, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total value of $1,941,475.20. Following the transaction, the chief financial officer now owns 55,099 shares in the company, valued at approximately $18,301,683.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $4,943,250.00. Following the completion of the transaction, the insider now owns 219,205 shares in the company, valued at approximately $72,239,007.75. The disclosure for this sale can be found here. Insiders have sold a total of 24,391 shares of company stock worth $8,076,855 in the last quarter. 1.80% of the stock is owned by insiders.

Comfort Systems USA Stock Down 1.7 %

Shares of NYSE FIX opened at $390.07 on Friday. Comfort Systems USA, Inc. has a 1 year low of $151.89 and a 1 year high of $403.07. The firm’s 50 day moving average price is $334.56 and its 200 day moving average price is $322.47. The firm has a market cap of $13.93 billion, a P/E ratio of 38.62 and a beta of 1.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the business earned $1.93 earnings per share. Comfort Systems USA’s revenue was up 39.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.31%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 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.