Saturna Capital Corp Reduces Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Saturna Capital Corp reduced its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 43.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,308 shares of the construction company’s stock after selling 2,568 shares during the period. Saturna Capital Corp’s holdings in Comfort Systems USA were worth $1,291,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FIX. Victory Capital Management Inc. boosted its holdings in Comfort Systems USA by 54.9% during the third quarter. Victory Capital Management Inc. now owns 66,994 shares of the construction company’s stock worth $26,151,000 after buying an additional 23,733 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in Comfort Systems USA by 15.3% during the third quarter. Aptus Capital Advisors LLC now owns 21,251 shares of the construction company’s stock worth $8,295,000 after buying an additional 2,814 shares in the last quarter. Cumberland Partners Ltd purchased a new stake in Comfort Systems USA during the third quarter worth $1,561,000. Ashton Thomas Private Wealth LLC purchased a new stake in Comfort Systems USA during the third quarter worth $212,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in Comfort Systems USA during the third quarter worth $765,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO William George III sold 5,845 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 55,099 shares in the company, valued at $18,301,683.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO William George III sold 5,845 shares of the stock in a transaction dated 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 sale, the chief financial officer now directly owns 55,099 shares in the company, valued at $18,301,683.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the sale, the director now owns 9,036 shares of the company’s stock, valued at $3,699,880.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,591 shares of company stock worth $9,892,415 over the last three months. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Comfort Systems USA Stock Performance

FIX opened at $464.54 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a market cap of $16.53 billion, a price-to-earnings ratio of 35.43 and a beta of 1.13. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $474.62. The firm’s fifty day simple moving average is $387.63 and its two-hundred day simple moving average is $344.43.

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

Comfort Systems USA Increases Dividend

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

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.