3,925 Shares of Comfort Systems USA, Inc. $FIX Bought by Lyell Wealth Management LP

Lyell Wealth Management LP purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,925 shares of the construction company’s stock, valued at approximately $6,492,000.

A number of other large investors also recently bought and sold shares of FIX. Integrity Alliance LLC. increased its position in shares of Comfort Systems USA by 54.1% in the third quarter. Integrity Alliance LLC. now owns 353 shares of the construction company’s stock valued at $584,000 after buying an additional 124 shares in the last quarter. Gallacher Capital Management LLC raised its stake in shares of Comfort Systems USA by 19.9% during the 3rd quarter. Gallacher Capital Management LLC now owns 223 shares of the construction company’s stock worth $368,000 after buying an additional 37 shares during the period. Aware Super Pty Ltd as trustee of Aware Super raised its stake in shares of Comfort Systems USA by 16.2% during the 3rd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 26,416 shares of the construction company’s stock worth $43,694,000 after buying an additional 3,692 shares during the period. Tucker Asset Management LLC lifted its position in shares of Comfort Systems USA by 25.9% during the 3rd quarter. Tucker Asset Management LLC now owns 311 shares of the construction company’s stock valued at $514,000 after buying an additional 64 shares in the last quarter. Finally, Trek Financial LLC lifted its position in shares of Comfort Systems USA by 29.5% during the 3rd quarter. Trek Financial LLC now owns 167 shares of the construction company’s stock valued at $276,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction on 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 $14,389,850.40. The trade was a 32.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William George, III sold 2,554 shares of Comfort Systems USA stock in a transaction on 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 transaction, the chief financial officer owned 30,250 shares in the company, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,078 shares of company stock worth $43,211,828 in the last three months. 1.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. DA Davidson set a $1,850.00 price objective on shares of Comfort Systems USA in a report on Monday, October 26th. KeyCorp dropped their target price on shares of Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating on the stock in a research report on Monday, October 26th. Oppenheimer cut their target price on shares of Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating for the company in a research note on Monday, October 26th. Finally, Weiss Ratings cut shares of Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,916.14.

Comfort Systems USA Trading Up 7.0%

Shares of Comfort Systems USA stock opened at $1,284.52 on Wednesday. The stock has a market cap of $44.95 billion, a P/E ratio of 25.91 and a beta of 1.64. The stock’s 50 day simple moving average is $1,545.56 and its 200-day simple moving average is $1,598.92. Comfort Systems USA, Inc. has a 1-year low of $841.66 and a 1-year high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.13.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $3.40 billion. During the same period in the prior year, the business earned $8.25 earnings per share. The business’s revenue was up 53.7% compared to the same quarter last year. Analysts predict that Comfort Systems USA, Inc. will post 50.32 EPS for the current fiscal 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 issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.0%. The ex-dividend date is Thursday, November 12th. This is a decrease from Comfort Systems USA’s previous quarterly dividend of $0.90. Comfort Systems USA’s dividend payout ratio (DPR) is currently 7.77%.

Comfort Systems USA Company 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.