Cumberland Partners Ltd Invests $1.56 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Cumberland Partners Ltd acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,000 shares of the construction company’s stock, valued at approximately $1,561,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIX. Concurrent Investment Advisors LLC acquired a new position in Comfort Systems USA in the 1st quarter valued at about $550,000. Comerica Bank boosted its stake in shares of Comfort Systems USA by 34.5% in the 1st quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock valued at $32,956,000 after buying an additional 26,616 shares during the period. Cetera Advisors LLC purchased a new position in shares of Comfort Systems USA in the 1st quarter valued at about $971,000. Schwartz Investment Counsel Inc. purchased a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $1,327,000. Finally, Atria Investments Inc purchased a new position in shares of Comfort Systems USA in the 1st quarter valued at about $1,192,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the transaction, the insider now owns 219,205 shares of the company’s stock, valued at $72,239,007.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pablo G. Mercado sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the transaction, the director now directly owns 9,036 shares in the company, valued at $3,699,880.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,591 shares of company stock worth $14,835,665. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

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

Comfort Systems USA Stock Up 1.0 %

FIX stock traded up $4.76 during trading on Tuesday, hitting $471.46. 30,025 shares of the company’s stock were exchanged, compared to its average volume of 383,218. The business has a 50-day moving average price of $387.63 and a two-hundred day moving average price of $344.43. The stock has a market capitalization of $16.78 billion, a price-to-earnings ratio of 36.18 and a beta of 1.13. Comfort Systems USA, Inc. has a 52-week low of $184.85 and a 52-week high of $474.62. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be paid a $0.35 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.30%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is currently 10.71%.

Comfort Systems USA 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.