Insight Wealth Strategies LLC Lowers Position in Comfort Systems USA, Inc. $FIX

Insight Wealth Strategies LLC lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 12.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,074 shares of the construction company’s stock after selling 562 shares during the period. Insight Wealth Strategies LLC’s holdings in Comfort Systems USA were worth $6,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FIX. LifeGoal Investments LLC boosted its stake in Comfort Systems USA by 1.9% in the 3rd quarter. LifeGoal Investments LLC now owns 314 shares of the construction company’s stock worth $519,000 after purchasing an additional 6 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Comfort Systems USA by 1.0% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 10,300 shares of the construction company’s stock valued at $17,037,000 after buying an additional 100 shares during the last quarter. Westwind Capital raised its position in shares of Comfort Systems USA by 8.4% during the third quarter. Westwind Capital now owns 1,027 shares of the construction company’s stock valued at $1,699,000 after buying an additional 80 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Comfort Systems USA by 41.0% in the third quarter. CoreCap Advisors LLC now owns 110 shares of the construction company’s stock worth $182,000 after buying an additional 32 shares in the last quarter. Finally, Zevenbergen Capital Investments LLC lifted its holdings in shares of Comfort Systems USA by 111.7% in the third quarter. Zevenbergen Capital Investments LLC now owns 30,515 shares of the construction company’s stock worth $50,475,000 after buying an additional 16,101 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FIX. KeyCorp raised their target price on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. UBS Group reissued a “buy” rating on shares of Comfort Systems USA in a report on Tuesday, September 15th. DA Davidson initiated coverage on Comfort Systems USA in a research report on Friday, August 21st. They set a “buy” rating and a $2,100.00 price objective for the company. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings downgraded Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 11th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2,082.86.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,024 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the sale, the insider directly owned 145,065 shares in the company, valued at $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the sale, the director directly owned 8,495 shares of the company’s stock, valued at $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 26,078 shares of company stock valued at $43,211,828. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Price Performance

FIX traded up $12.14 during trading hours on Friday, hitting $1,718.53. The company’s stock had a trading volume of 79,480 shares, compared to its average volume of 430,665. The stock has a market cap of $60.48 billion, a price-to-earnings ratio of 42.27 and a beta of 1.66. The business’s 50-day moving average price is $1,662.78 and its 200-day moving average price is $1,724.30. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12 month low of $770.47 and a 12 month high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter last year, the business earned $6.53 earnings per share. Comfort Systems USA’s quarterly revenue was up 50.3% compared to the same quarter last year. Sell-side analysts expect that Comfort Systems USA, Inc. will post 48.15 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is 8.85%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.