Hollencrest Capital Management Buys Shares of 71 Comfort Systems USA, Inc. (NYSE:FIX)

Hollencrest Capital Management purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 71 shares of the construction company’s stock, valued at approximately $28,000.

Several other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Comfort Systems USA in the third quarter valued at about $38,000. Opal Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the 2nd quarter worth approximately $41,000. V Square Quantitative Management LLC boosted its position 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 worth $49,000 after purchasing an additional 47 shares during the period. Contravisory Investment Management Inc. increased its holdings in 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 purchasing an additional 85 shares during the last quarter. Finally, National Bank of Canada FI raised its position in 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. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CFO William George III sold 5,845 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the sale, the chief financial officer now directly owns 55,099 shares in the company, valued at approximately $18,301,683.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Brian E. Lane sold 15,000 shares of the business’s 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William George III sold 5,845 shares of the 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 completion of the transaction, the chief financial officer now directly owns 55,099 shares in the company, valued at $18,301,683.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,591 shares of company stock worth $14,835,665. 1.80% of the stock is currently owned by company insiders.

Comfort Systems USA Trading Up 4.3 %

NYSE FIX opened at $462.06 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of 35.35 and a beta of 1.13. The firm has a 50 day simple moving average of $385.36 and a 200-day simple moving average of $343.09. Comfort Systems USA, Inc. has a one year low of $183.23 and a one year high of $462.06.

Comfort Systems USA (NYSE:FIX) last issued 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 net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the company posted $2.74 EPS. The firm’s revenue was up 31.5% compared to the same quarter last year. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.30%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.18%.

About Comfort Systems USA

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.