Inscription Capital LLC Sells 599 Shares of Comfort Systems USA, Inc. $FIX

Inscription Capital LLC lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 78.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166 shares of the construction company’s stock after selling 599 shares during the period. Inscription Capital LLC’s holdings in Comfort Systems USA were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Cowa LLC increased its stake in Comfort Systems USA by 5.3% during the 3rd quarter. Cowa LLC now owns 13,104 shares of the construction company’s stock worth $21,675,000 after buying an additional 665 shares in the last quarter. Covestor Ltd lifted its position in shares of Comfort Systems USA by 525.0% in the third quarter. Covestor Ltd now owns 475 shares of the construction company’s stock valued at $786,000 after acquiring an additional 399 shares in the last quarter. Provenance Wealth Advisors LLC lifted its position in shares of Comfort Systems USA by 2,455.6% in the third quarter. Provenance Wealth Advisors LLC now owns 230 shares of the construction company’s stock valued at $380,000 after acquiring an additional 221 shares in the last quarter. Lyell Wealth Management LP purchased a new position in shares of Comfort Systems USA in the third quarter valued at approximately $6,492,000. Finally, Integrity Alliance LLC. boosted its stake 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 worth $584,000 after acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

FIX has been the subject of several research reports. The Goldman Sachs Group set a $1,875.00 price target on Comfort Systems USA in a research report on Tuesday, October 20th. 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. Oppenheimer lowered their target price on shares of Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating on the stock in a research note on Monday, October 26th. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 3rd. Finally, Stifel Nicolaus set a $1,808.00 price target on shares of Comfort Systems USA in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $1,916.14.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,014.97 on Monday. The firm has a 50 day simple moving average of $1,510.83 and a 200-day simple moving average of $1,597.49. The stock has a market cap of $35.51 billion, a price-to-earnings ratio of 21.91 and a beta of 1.64. 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, Inc. has a 1-year low of $841.66 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, beating the consensus estimate of $12.85 by $1.06. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.40 billion. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The business’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.25 EPS. On average, analysts expect that Comfort Systems USA, Inc. will post 50.32 EPS for the current year.

Comfort Systems USA Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be paid a $0.10 dividend. This is a negative change from Comfort Systems USA’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend 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 payout ratio is presently 7.77%.

Insiders Place Their Bets

In other news, 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 completion of the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction 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 owned 8,495 shares in the company, valued at $14,389,850.40. This represents a 32.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,578 shares of company stock worth $37,295,183 over the last ninety days. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a provider of heating, ventilation and air conditioning (HVAC) and other mechanical services for commercial, industrial and institutional customers. Founded in 1997 and headquartered in Houston, Texas, the company serves customers across the United States through its operating businesses.

Its services include designing and installing HVAC and related mechanical systems for new construction and building renovations, as well as maintaining, repairing and replacing existing equipment.