Artemis Investment Management LLP Has $51.01 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Artemis Investment Management LLP cut its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,610 shares of the construction company’s stock after selling 12,920 shares during the period. Artemis Investment Management LLP owned about 0.45% of Comfort Systems USA worth $51,007,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new stake in Comfort Systems USA during the 4th quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in Comfort Systems USA during the 1st quarter worth approximately $44,000. VisionPoint Advisory Group LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $59,000. GAMMA Investing LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $61,000. Finally, Spire Wealth Management bought a new stake in shares of Comfort Systems USA in the 4th quarter valued at $61,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the sale, the director now directly owns 40,241 shares in the company, valued at $13,879,120.90. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total value of $1,207,150.00. Following the transaction, the director now directly owns 40,241 shares in the company, valued at $13,879,120.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 988 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total transaction of $338,884.00. Following the completion of the transaction, the director now owns 11,173 shares in the company, valued at $3,832,339. The disclosure for this sale can be found here. Insiders have sold a total of 7,961 shares of company stock worth $2,622,664 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX traded down $11.29 during trading on Friday, hitting $304.64. 5,281,877 shares of the company’s stock traded hands, compared to its average volume of 405,357. The stock has a market capitalization of $10.88 billion, a price-to-earnings ratio of 30.29 and a beta of 1.16. Comfort Systems USA, Inc. has a 12-month low of $151.89 and a 12-month high of $352.45. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. The business has a 50 day moving average of $321.00 and a 200-day moving average of $277.91.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.26 by $0.43. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company’s revenue was up 30.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.51 earnings per share. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.39%. Comfort Systems USA’s dividend payout ratio is currently 11.88%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

About 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.