Symphony Financial Ltd. Co. Cuts Stock Position in Comfort Systems USA, Inc. $FIX

Symphony Financial Ltd. Co. cut its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 99.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 357 shares of the construction company’s stock after selling 163,232 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Comfort Systems USA were worth $294,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Toth Financial Advisory Corp bought a new stake in Comfort Systems USA in the third quarter worth about $25,000. Quent Capital LLC purchased a new stake in shares of Comfort Systems USA during the 3rd quarter worth approximately $25,000. Eastern Bank purchased a new stake in shares of Comfort Systems USA during the 3rd quarter worth approximately $31,000. Ameritas Advisory Services LLC bought a new stake in shares of Comfort Systems USA in the 2nd quarter worth approximately $27,000. Finally, Avion Wealth raised its holdings in shares of Comfort Systems USA by 1,800.0% in the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock worth $47,000 after purchasing an additional 54 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 4,370 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the sale, the chief financial officer owned 39,824 shares of the company’s stock, valued at approximately $38,186,437.12. This represents a 9.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Darcy Anderson sold 4,000 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the completion of the transaction, the director directly owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. The trade was a 15.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,028 shares of company stock valued at $25,381,151 in the last quarter. 1.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stifel Nicolaus increased their price objective on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. UBS Group upped their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Finally, Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,011.75.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,122.73 on Friday. The business’s fifty day moving average is $990.57 and its 200 day moving average is $842.41. The firm has a market cap of $39.60 billion, a price-to-earnings ratio of 47.53 and a beta of 1.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,177.87.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share for the quarter, beating analysts’ consensus estimates of $6.29 by $1.96. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the firm earned $4.09 EPS. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. Research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.