Vest Financial LLC Purchases 486 Shares of Comfort Systems USA, Inc. $FIX

Vest Financial LLC lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 4.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,762 shares of the construction company’s stock after acquiring an additional 486 shares during the quarter. Vest Financial LLC’s holdings in Comfort Systems USA were worth $8,881,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in Comfort Systems USA by 41.1% in the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares in the last quarter. Focus Partners Wealth increased its stake in shares of Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after buying an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Comfort Systems USA by 40.9% in the second quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after buying an additional 313 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Comfort Systems USA by 73.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,816 shares of the construction company’s stock worth $6,933,000 after buying an additional 5,441 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in Comfort Systems USA by 10.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,219 shares of the construction company’s stock worth $654,000 after acquiring an additional 117 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the transaction, the director directly owned 82,901 shares of the company’s stock, valued at $83,454,778.68. This trade represents a 5.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO William George III sold 4,370 shares of the company’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $958.88, for a total transaction of $4,190,305.60. Following the completion of the sale, the chief financial officer owned 39,824 shares of the company’s stock, valued at approximately $38,186,437.12. This represents a 9.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 26,028 shares of company stock valued at $25,381,151. 1.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. UBS Group increased their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, DA Davidson reiterated a “buy” rating and issued a $1,200.00 price target on shares of Comfort Systems USA in a report on Friday, December 19th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,011.75.

Comfort Systems USA Trading Up 1.2%

NYSE FIX opened at $1,147.97 on Thursday. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $1,158.35. The stock has a 50-day simple moving average of $981.59 and a 200 day simple moving average of $834.13. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $40.49 billion, a PE ratio of 48.60 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.29 by $1.96. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.15 billion. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the previous year, the company earned $4.09 EPS. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.