562 Comfort Systems USA, Inc. $FIX Shares Sold by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 12.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,074 shares of the construction company’s stock after selling 562 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Comfort Systems USA were worth $6,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. LifeGoal Investments LLC grew its stake in Comfort Systems USA by 1.9% in the third 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. boosted its holdings in shares of Comfort Systems USA by 1.0% during the 3rd 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 in the last quarter. Westwind Capital boosted its holdings in shares of Comfort Systems USA by 8.4% during the 3rd 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 in the last quarter. CoreCap Advisors LLC grew its position in shares of Comfort Systems USA by 41.0% in the 3rd quarter. CoreCap Advisors LLC now owns 110 shares of the construction company’s stock worth $182,000 after buying an additional 32 shares during the period. Finally, Zevenbergen Capital Investments LLC grew its position in shares of Comfort Systems USA by 111.7% in the 3rd 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 during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Up 0.7%

FIX stock traded up $12.14 during trading on Friday, hitting $1,718.53. 79,480 shares of the stock traded hands, 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 company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA, Inc. has a 1 year low of $770.47 and a 1 year high of $2,073.99. The firm’s 50 day moving average is $1,662.78 and its two-hundred day moving average is $1,724.30.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm posted $6.53 earnings per share. The business’s revenue was up 50.3% on a year-over-year basis. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 48.15 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders 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 dividend payout ratio is 8.85%.

Analyst Ratings Changes

FIX has been the subject of a number of recent research reports. UBS Group reissued a “buy” rating on shares of Comfort Systems USA in a research report on Tuesday, September 15th. Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA in a research note on Monday, July 27th. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings cut Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 11th. Finally, DA Davidson started coverage on Comfort Systems USA in a research note on Friday, August 21st. They issued a “buy” rating and a $2,100.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate Buy” and an average target price of $2,082.86.

Insider Transactions at Comfort Systems USA

In other news, insider Brian Lane sold 16,024 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 145,065 shares of the company’s stock, 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 through the SEC website. Also, CFO William George, III sold 2,554 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value 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 trade represents a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,078 shares of company stock worth $43,211,828 over the last quarter. 1.24% of the stock is currently owned by insiders.

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.