455 Comfort Systems USA, Inc. $FIX Shares Sold by Freedom Day Solutions LLC

Freedom Day Solutions LLC cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 9.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,263 shares of the construction company’s stock after selling 455 shares during the quarter. Comfort Systems USA makes up approximately 1.5% of Freedom Day Solutions LLC’s portfolio, making the stock its 11th largest holding. Freedom Day Solutions LLC’s holdings in Comfort Systems USA were worth $7,051,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $26,000. Glynn Capital Management LLC grew its holdings in Comfort Systems USA by 58.3% during the 3rd quarter. Glynn Capital Management LLC now owns 19 shares of the construction company’s stock valued at $31,000 after buying an additional 7 shares during the last quarter. Avalon Trust Co acquired a new stake in Comfort Systems USA during the 2nd quarter valued at $32,000. Field & Main Bank acquired a new position in shares of Comfort Systems USA in the second quarter worth $32,000. Finally, Nvwm LLC acquired a new position in shares of Comfort Systems USA in the third quarter worth $35,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Comfort Systems USA

In related news, insider Brian Lane sold 16,024 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the sale, the insider directly owned 145,065 shares in the company, valued at approximately $233,294,983.65. The trade was a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the transaction, the director directly owned 8,495 shares of the company’s stock, valued at $14,389,850.40. This trade represents a 32.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 26,078 shares of company stock worth $43,211,828. 1.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FIX. DA Davidson assumed coverage on Comfort Systems USA in a research note on Friday, August 21st. They set a “buy” rating and a $2,100.00 price objective on the stock. KeyCorp boosted their target price on shares of Comfort Systems USA from $2,110.00 to $2,125.00 and gave the company an “overweight” rating in a research note on Thursday. The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, UBS Group reaffirmed a “buy” rating on shares of Comfort Systems USA in a research note on Tuesday, September 15th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average price target of $2,085.00.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,464.80 on Tuesday. The firm has a market capitalization of $51.55 billion, a P/E ratio of 36.03 and a beta of 1.66. The stock has a fifty day moving average price of $1,638.79 and a 200 day moving average price of $1,732.69. Comfort Systems USA, Inc. has a 52 week low of $770.47 and a 52 week high of $2,073.99. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%. The firm had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business posted $6.53 earnings per share. The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 48.15 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were given a $0.90 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is 8.85%.

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.