462 Comfort Systems USA, Inc. $FIX Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,720 shares of the construction company’s stock after selling 462 shares during the quarter. Comfort Systems USA comprises approximately 1.6% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 20th biggest holding. Mountain Pacific Investment Advisers LLC’s holdings in Comfort Systems USA were worth $9,461,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Signature Equity Partners LLC lifted its stake in shares of Comfort Systems USA by 16.7% during the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after buying an additional 5 shares in the last quarter. Capital Advisors Inc. OK grew its stake in Comfort Systems USA by 1.9% in the 2nd quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company’s stock valued at $636,000 after buying an additional 6 shares in the last quarter. Versant Capital Management Inc grew its stake in Comfort Systems USA by 3.4% in the 3rd quarter. Versant Capital Management Inc now owns 183 shares of the construction company’s stock valued at $303,000 after buying an additional 6 shares in the last quarter. LifeGoal Investments LLC grew 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 valued at $519,000 after buying an additional 6 shares in the last quarter. Finally, Petra Financial Advisors Inc. raised its holdings in Comfort Systems USA by 0.7% during the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after acquiring an additional 7 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FIX shares. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Oppenheimer cut their price target on Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating for the company in a report on Monday, October 26th. Weiss Ratings cut Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. UBS Group decreased their price objective on Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. Finally, The Goldman Sachs Group set a $1,875.00 price objective on Comfort Systems USA in a research note on Tuesday, October 20th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average target price of $1,916.14.

Comfort Systems USA Price Performance

FIX stock opened at $1,284.52 on Wednesday. The firm has a 50 day moving average of $1,545.56 and a 200-day moving average of $1,598.92. The firm has a market capitalization of $44.95 billion, a P/E ratio of 27.73 and a beta of 1.64. Comfort Systems USA, Inc. has a 12 month low of $841.66 and a 12 month high of $2,073.99. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share for the quarter, topping analysts’ consensus estimates of $12.85 by $1.06. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the firm posted $8.25 EPS. Comfort Systems USA’s revenue was up 53.7% on a year-over-year basis. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current fiscal year.

Comfort Systems USA Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be given a dividend of $0.10 per share. This is a decrease from Comfort Systems USA’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, November 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.0%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 7.77%.

Insider Activity

In related news, Director Franklin Myers sold 4,000 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the sale, 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 SEC, which is accessible through the SEC website. Also, CFO William George, III sold 2,554 shares of the 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 completion of the sale, the chief financial officer owned 30,250 shares in the company, valued at $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 26,078 shares of company stock worth $43,211,828 in the last three months. Corporate insiders own 1.24% of the company’s stock.

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.