Comfort Systems USA, Inc. $FIX Stake Increased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its position in Comfort Systems USA, Inc. (NYSE:FIX) by 15.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,306 shares of the construction company’s stock after purchasing an additional 438 shares during the period. Motley Fool Asset Management LLC’s holdings in Comfort Systems USA were worth $5,468,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of FIX. Jones Financial Companies Lllp bought a new position in Comfort Systems USA during the second quarter worth $26,000. Glynn Capital Management LLC lifted its holdings in Comfort Systems USA by 58.3% in the third 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 period. Avalon Trust Co bought a new stake in Comfort Systems USA during the second quarter valued at $32,000. Field & Main Bank bought a new stake in Comfort Systems USA during the second quarter valued at $32,000. Finally, Nvwm LLC bought a new stake in Comfort Systems USA during the third quarter valued at $35,000. 96.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO William George, III sold 2,554 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Franklin Myers sold 4,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the sale, the director owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This represents a 32.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,078 shares of company stock valued at $43,211,828 in the last three months. 1.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. The Goldman Sachs Group set a $1,875.00 price objective on shares of Comfort Systems USA in a research report on Tuesday, October 20th. Weiss Ratings lowered shares of Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. KeyCorp lowered their price objective on shares of Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating for the company in a research note on Monday. Finally, DA Davidson set a $1,850.00 target price on shares of Comfort Systems USA in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,916.14.

Comfort Systems USA Stock Up 4.5%

FIX stock opened at $1,346.81 on Thursday. The firm has a market capitalization of $47.12 billion, a PE ratio of 29.08 and a beta of 1.66. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a twelve month low of $841.66 and a twelve month high of $2,073.99. The stock’s 50 day moving average is $1,577.57 and its 200-day moving average is $1,594.63.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.85 by $1.06. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.40 billion. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. Comfort Systems USA’s revenue was up 53.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.25 earnings per share. Sell-side analysts expect that Comfort Systems USA, Inc. will post 49.21 EPS for the current fiscal year.

Comfort Systems USA Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 0.0%. This is a negative change from Comfort Systems USA’s previous quarterly dividend of $0.90. Comfort Systems USA’s payout ratio is presently 8.64%.

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.