DORCHESTER WEALTH MANAGEMENT Co Lowers Position in Comfort Systems USA, Inc. (NYSE:FIX)

DORCHESTER WEALTH MANAGEMENT Co trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,510 shares of the construction company’s stock after selling 635 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Comfort Systems USA were worth $3,712,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FIX. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA in the 3rd quarter valued at $38,000. Opal Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter worth $41,000. V Square Quantitative Management LLC grew its holdings in shares of Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares during the period. Contravisory Investment Management Inc. grew its holdings in shares of Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after purchasing an additional 85 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of Comfort Systems USA by 236.5% during the 2nd quarter. National Bank of Canada FI now owns 212 shares of the construction company’s stock worth $62,000 after purchasing an additional 149 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 5,845 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the completion of the sale, the chief financial officer now owns 55,099 shares in the company, valued at $18,301,683.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction that occurred on 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 owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO William George III sold 5,845 shares of Comfort Systems USA stock in a transaction 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 sale, the chief financial officer now directly owns 55,099 shares in the company, valued at $18,301,683.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,391 shares of company stock valued at $8,076,855. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

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

Comfort Systems USA Stock Performance

Shares of FIX stock traded up $3.08 during midday trading on Thursday, hitting $415.09. The company had a trading volume of 22,640 shares, compared to its average volume of 378,732. The company’s 50 day simple moving average is $368.92 and its 200 day simple moving average is $334.40. Comfort Systems USA, Inc. has a 52-week low of $151.89 and a 52-week high of $424.63. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 41.08 and a beta of 1.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.97.

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

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.