Redhawk Wealth Advisors Inc. Has $1.96 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Redhawk Wealth Advisors Inc. increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,019 shares of the construction company’s stock after buying an additional 197 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Comfort Systems USA were worth $1,959,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norden Group LLC lifted its stake in Comfort Systems USA by 1,143.4% in the first quarter. Norden Group LLC now owns 50,545 shares of the construction company’s stock valued at $16,056,000 after buying an additional 46,480 shares during the period. Hennessy Advisors Inc. boosted its stake in Comfort Systems USA by 18.6% during the first quarter. Hennessy Advisors Inc. now owns 173,800 shares of the construction company’s stock worth $55,218,000 after acquiring an additional 27,200 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Comfort Systems USA in the first quarter worth $550,000. Kingswood Wealth Advisors LLC bought a new stake in Comfort Systems USA in the first quarter valued at $898,000. Finally, Comerica Bank raised its holdings in shares of Comfort Systems USA by 34.5% during the first 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 period. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday.

Comfort Systems USA Stock Performance

FIX opened at $415.67 on Monday. Comfort Systems USA, Inc. has a 1-year low of $151.89 and a 1-year high of $417.80. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 41.16 and a beta of 1.13. The company’s fifty day moving average price is $352.29 and its two-hundred day moving average price is $328.94. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.60. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the firm earned $1.93 EPS. The business’s revenue for the quarter was up 39.6% compared to the same quarter last year. On average, analysts expect that Comfort Systems USA, Inc. will post 13.79 EPS for the current fiscal year.

Comfort Systems USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend was Monday, August 12th. Comfort Systems USA’s dividend payout ratio is presently 11.88%.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the transaction, the insider now directly owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the sale, the director now directly owns 37,193 shares in the company, valued at approximately $12,503,914.67. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the transaction, the insider now owns 219,205 shares of the company’s stock, valued at $72,239,007.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,391 shares of company stock valued at $8,076,855. 1.80% of the stock is owned by insiders.

Comfort Systems USA Company 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.