Comfort Systems USA, Inc. $FIX Shares Purchased by Vest Financial LLC

Vest Financial LLC boosted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 183.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,907 shares of the construction company’s stock after acquiring an additional 10,302 shares during the period. Vest Financial LLC’s holdings in Comfort Systems USA were worth $26,312,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in FIX. Jones Financial Companies Lllp bought a new stake in shares of Comfort Systems USA in the second quarter worth about $26,000. Glynn Capital Management LLC raised its position in Comfort Systems USA by 58.3% during the 3rd quarter. Glynn Capital Management LLC now owns 19 shares of the construction company’s stock valued at $31,000 after purchasing an additional 7 shares during the last quarter. Avalon Trust Co bought a new position in Comfort Systems USA during the 2nd quarter valued at approximately $32,000. Field & Main Bank bought a new position in Comfort Systems USA during the 2nd quarter valued at approximately $32,000. Finally, Nvwm LLC purchased a new stake in Comfort Systems USA in the 3rd quarter worth approximately $35,000. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In other news, insider Brian Lane sold 16,024 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the transaction, the insider owned 145,065 shares in the company, valued at $233,294,983.65. The trade was a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William George, III sold 2,554 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,078 shares of company stock worth $43,211,828 in the last three months. Insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. KeyCorp boosted their target price on Comfort Systems USA from $2,110.00 to $2,125.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. Weiss Ratings upgraded Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA and gave the stock a “buy” rating in a research note on Monday, July 27th. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, DA Davidson initiated coverage on shares of Comfort Systems USA in a report on Friday, August 21st. They issued a “buy” rating and a $2,100.00 price target on the stock. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus target price of $2,044.43.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,399.81 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average price is $1,626.01 and its 200-day moving average price is $1,732.35. Comfort Systems USA, Inc. has a 52 week low of $770.47 and a 52 week high of $2,073.99. The stock has a market cap of $49.26 billion, a P/E ratio of 34.43 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%. The company’s revenue was up 50.3% on a year-over-year basis. During the same period last year, the company earned $6.53 earnings per share. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 48.79 earnings per share for the current fiscal year.

Comfort Systems USA Profile

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.