Apollon Wealth Management LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,679 shares of the construction company's stock, valued at approximately $655,000.
Several other large investors have also modified their holdings of FIX. Comerica Bank increased its holdings in 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 purchasing an additional 26,616 shares during the last quarter. Cetera Advisors LLC acquired a new stake in shares of Comfort Systems USA in the first quarter valued at $971,000. WCM Investment Management LLC raised its holdings in shares of Comfort Systems USA by 16.5% in the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company's stock valued at $38,833,000 after buying an additional 14,090 shares during the period. Schwartz Investment Counsel Inc. acquired a new position in Comfort Systems USA during the 3rd quarter worth about $1,327,000. Finally, Atria Investments Inc purchased a new position in Comfort Systems USA during the 1st quarter valued at about $1,192,000. Institutional investors and hedge funds own 96.51% of the company's stock.
In other news, Director Vance W. Tang sold 2,700 shares of the company's stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares of the company's stock, valued at approximately $2,144,220. This represents a 32.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William George III sold 5,845 shares of the firm's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total value of $1,941,475.20. Following the transaction, the chief financial officer now directly owns 55,099 shares in the company, valued at approximately $18,301,683.84. This represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,591 shares of company stock valued at $16,625,615 in the last three months. 1.80% of the stock is currently owned by company insiders.
Shares of FIX opened at $445.02 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 52-week low of $185.83 and a 52-week high of $474.62. The stock has a 50 day moving average price of $398.73 and a 200 day moving average price of $347.84. The company has a market capitalization of $15.84 billion, a price-to-earnings ratio of 34.05 and a beta of 1.13.
Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the firm posted $2.74 EPS. The company's revenue was up 31.5% on a year-over-year basis. Research analysts predict that Comfort Systems USA, Inc. will post 13.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.31%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. Comfort Systems USA's payout ratio is 10.71%.
A number of analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Comfort Systems USA in a research note on Friday. They set a "buy" rating and a $524.00 price target on the stock. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $376.00.
Check Out Our Latest Report on 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.
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