Janney Montgomery Scott LLC decreased its position in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 31.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,015 shares of the construction company’s stock after selling 910 shares during the period. Janney Montgomery Scott LLC’s holdings in Comfort Systems USA were worth $331,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in FIX. Brown Brothers Harriman & Co. lifted its stake in Comfort Systems USA by 2,814.3% in the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock valued at $36,000 after buying an additional 394 shares during the period. Meeder Asset Management Inc. lifted its stake in Comfort Systems USA by 172.9% in the fourth quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock valued at $42,000 after buying an additional 230 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Comfort Systems USA in the second quarter valued at about $46,000. Ronald Blue Trust Inc. lifted its stake in Comfort Systems USA by 28.2% in the first quarter. Ronald Blue Trust Inc. now owns 496 shares of the construction company’s stock valued at $57,000 after buying an additional 109 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in Comfort Systems USA by 113.5% in the first quarter. Parkside Financial Bank & Trust now owns 442 shares of the construction company’s stock valued at $65,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 94.18% of the company’s stock.
Comfort Systems USA Trading Up 1.7 %
NYSE FIX opened at $184.96 on Thursday. The stock’s 50-day moving average is $173.87 and its 200-day moving average is $164.51. Comfort Systems USA, Inc. has a one year low of $111.28 and a one year high of $192.33. The firm has a market cap of $6.61 billion, a P/E ratio of 23.15 and a beta of 1.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.08.
Comfort Systems USA Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Thursday, November 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, November 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.23. Comfort Systems USA’s dividend payout ratio (DPR) is currently 12.52%.
Insider Buying and Selling at Comfort Systems USA
In other Comfort Systems USA news, Director Vance W. Tang sold 2,288 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $182.50, for a total value of $417,560.00. Following the completion of the transaction, the director now directly owns 22,770 shares in the company, valued at $4,155,525. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Laura Finley Howell sold 1,350 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $187.59, for a total transaction of $253,246.50. Following the completion of the transaction, the senior vice president now directly owns 6,965 shares in the company, valued at approximately $1,306,564.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 2,288 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $182.50, for a total value of $417,560.00. Following the transaction, the director now owns 22,770 shares of the company’s stock, valued at $4,155,525. The disclosure for this sale can be found here. Insiders sold a total of 44,882 shares of company stock worth $8,275,151 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on FIX shares. StockNews.com started coverage on Comfort Systems USA in a research report on Thursday, October 5th. They set a “buy” rating on the stock. DA Davidson raised their price target on Comfort Systems USA from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, July 28th.
View Our Latest Stock Analysis on FIX
Comfort Systems USA Profile
Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.
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