Crossmark Global Holdings Inc. Sells 338 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Crossmark Global Holdings Inc. lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 10.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,840 shares of the construction company’s stock after selling 338 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Comfort Systems USA were worth $1,108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of FIX. Capital World Investors boosted its stake in Comfort Systems USA by 26.6% during the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after buying an additional 451,852 shares in the last quarter. Millennium Management LLC increased its stake in Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after acquiring an additional 283,416 shares during the period. Westfield Capital Management Co. LP raised its position in Comfort Systems USA by 56.4% in the first quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock worth $211,924,000 after purchasing an additional 240,466 shares in the last quarter. Blackstone Inc. acquired a new position in Comfort Systems USA in the first quarter worth about $41,302,000. Finally, Swedbank AB bought a new position in Comfort Systems USA during the first quarter worth about $31,771,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 5,845 shares of the firm’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 value of $1,941,475.20. Following the completion of the sale, the chief financial officer now owns 55,099 shares of the company’s stock, valued at $18,301,683.84. This trade represents a 9.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 approximately $3,699,880.56. This represents a 21.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,591 shares of company stock valued at $9,892,415 over the last ninety days. 1.80% of the stock is owned by insiders.

Comfort Systems USA Trading Down 1.5 %

Shares of Comfort Systems USA stock opened at $439.42 on Friday. The stock has a market capitalization of $15.64 billion, a P/E ratio of 33.89 and a beta of 1.13. Comfort Systems USA, Inc. has a 12-month low of $185.83 and a 12-month high of $474.62. 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 50-day simple moving average of $393.24 and a 200 day simple moving average of $346.26.

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

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be paid a $0.35 dividend. The ex-dividend date is Thursday, November 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.32%. Comfort Systems USA’s dividend payout ratio (DPR) is 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.