819 Comfort Systems USA, Inc. $FIX Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 76.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 248 shares of the construction company’s stock after selling 819 shares during the period. Sigma Planning Corp’s holdings in Comfort Systems USA were worth $411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIX. BlackRock Inc. purchased a new stake in shares of Comfort Systems USA during the second quarter valued at about $6,734,037,000. Deutsche Bank AG acquired a new position in shares of Comfort Systems USA in the second quarter valued at about $443,751,000. Legal & General Group Plc purchased a new stake in Comfort Systems USA in the second quarter valued at approximately $400,096,000. Bank of New York Mellon Corp purchased a new position in Comfort Systems USA during the 2nd quarter worth approximately $370,479,000. Finally, Amundi boosted its holdings in shares of Comfort Systems USA by 114.1% in the 2nd quarter. Amundi now owns 292,904 shares of the construction company’s stock valued at $580,521,000 after acquiring an additional 156,069 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,227.74 on Monday. The company has a market cap of $42.96 billion, a P/E ratio of 26.51 and a beta of 1.64. Comfort Systems USA, Inc. has a twelve month low of $841.66 and a twelve month high of $2,073.99. The company’s 50-day moving average price is $1,561.25 and its 200-day moving average price is $1,597.15. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share for the quarter, topping the consensus estimate of $12.85 by $1.06. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the previous year, the firm posted $8.25 EPS. The business’s revenue for the quarter was up 53.7% compared to the same quarter last year. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current fiscal year.

Comfort Systems USA Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Thursday, November 12th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, November 12th. This is a negative change from Comfort Systems USA’s previous quarterly dividend of $0.90. Comfort Systems USA’s dividend payout ratio is 7.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FIX shares. Weiss Ratings cut Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. The Goldman Sachs Group set a $1,875.00 target price on Comfort Systems USA in a research note on Tuesday, October 20th. Oppenheimer decreased their target price on Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating on the stock in a research report on Monday, October 26th. DA Davidson set a $1,850.00 price target on shares of Comfort Systems USA in a research note on Monday, October 26th. Finally, UBS Group lowered their price objective on Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating on the stock in a report on Monday, October 26th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,916.14.

Insider Activity

In other news, insider Brian E. Lane sold 16,024 shares of Comfort Systems USA stock in a transaction on 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 completion of the sale, the insider directly owned 145,065 shares of the company’s stock, valued at approximately $233,294,983.65. The trade was a 9.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, the director directly owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 26,078 shares of company stock valued at $43,211,828. Company insiders own 1.24% of the company’s stock.

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.