Comfort Systems USA, Inc. $FIX Stock Position Trimmed by VestGen Advisors LLC

VestGen Advisors LLC decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,268 shares of the construction company’s stock after selling 1,191 shares during the quarter. VestGen Advisors LLC’s holdings in Comfort Systems USA were worth $10,368,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $26,000. Glynn Capital Management LLC raised its position in shares of Comfort Systems USA by 58.3% during the third quarter. Glynn Capital Management LLC now owns 19 shares of the construction company’s stock worth $31,000 after acquiring an additional 7 shares during the last quarter. Avalon Trust Co bought a new stake in shares of Comfort Systems USA during the second quarter worth $32,000. Field & Main Bank bought a new stake in shares of Comfort Systems USA during the second quarter worth $32,000. Finally, Nvwm LLC acquired a new position in shares of Comfort Systems USA during the third quarter valued at $35,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the transaction, the director owned 8,495 shares in the company, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Lane sold 16,024 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 145,065 shares of the company’s stock, valued at $233,294,983.65. The trade was a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 26,078 shares of company stock worth $43,211,828. Insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FIX shares. UBS Group decreased their price target on Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating on the stock in a report on Monday. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings downgraded shares of Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Finally, DA Davidson set a $1,850.00 target price on shares of Comfort Systems USA in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,916.14.

Comfort Systems USA Stock Performance

FIX stock opened at $1,346.81 on Thursday. Comfort Systems USA, Inc. has a twelve month low of $841.66 and a twelve month high of $2,073.99. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.01. The company has a market cap of $47.12 billion, a P/E ratio of 29.08 and a beta of 1.66. The business’s fifty day moving average is $1,577.57 and its 200-day moving average is $1,594.63.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.85 by $1.06. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the previous year, the firm earned $8.25 earnings per share. The firm’s quarterly revenue was up 53.7% compared to the same quarter last year. Equities research analysts forecast that Comfort Systems USA, Inc. will post 49.21 EPS for the current year.

Comfort Systems USA Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This is a negative change from Comfort Systems USA’s previous quarterly dividend of $0.90. This represents a $0.40 annualized dividend and a yield of 0.0%. Comfort Systems USA’s payout ratio is currently 8.64%.

About Comfort Systems USA

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.