Comfort Systems USA, Inc. $FIX Shares Purchased by GoalVest Advisory LLC

GoalVest Advisory LLC increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 213,045.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,892 shares of the construction company’s stock after buying an additional 46,870 shares during the quarter. GoalVest Advisory LLC owned about 0.13% of Comfort Systems USA worth $83,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FIX. Jones Financial Companies Lllp acquired a new position in shares of Comfort Systems USA during the 2nd quarter valued at about $26,000. Avalon Trust Co purchased a new position in Comfort Systems USA during the second quarter worth about $32,000. Field & Main Bank purchased a new position in Comfort Systems USA during the second quarter worth about $32,000. Carolina Wealth Advisors LLC boosted its holdings in Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after purchasing an additional 7 shares during the last quarter. Finally, JNBA Financial Advisors acquired a new position in Comfort Systems USA in the 2nd quarter valued at about $42,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FIX shares. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. UBS Group reiterated a “buy” rating on shares of Comfort Systems USA in a research report on Tuesday, September 15th. Weiss Ratings cut Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 11th. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. Finally, Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $2,082.86.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 16,024 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were 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 Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George, III sold 2,554 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares in the company, valued at $56,254,412.50. This represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 26,078 shares of company stock valued at $43,211,828. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Up 3.7%

Shares of FIX stock traded up $62.34 during trading hours on Friday, hitting $1,747.63. The company had a trading volume of 120,402 shares, compared to its average volume of 433,165. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The stock has a market capitalization of $61.50 billion, a PE ratio of 42.93 and a beta of 1.66. The company’s fifty day moving average is $1,654.28 and its 200 day moving average is $1,712.72. Comfort Systems USA, Inc. has a fifty-two week low of $770.47 and a fifty-two week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share 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 firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter last year, the firm earned $6.53 EPS. The firm’s revenue for the quarter was up 50.3% on a year-over-year basis. Research 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 company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were issued a $0.90 dividend. The ex-dividend date was Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.

About Comfort Systems USA

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.