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

Vest Financial LLC increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.7% in the third quarter, Holdings Channel.com reports. The firm owned 10,762 shares of the construction company’s stock after purchasing an additional 486 shares during the quarter. Vest Financial LLC’s holdings in Comfort Systems USA were worth $8,881,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FIX. Toth Financial Advisory Corp bought a new stake in shares of Comfort Systems USA during the third quarter worth $25,000. Quent Capital LLC bought a new stake in Comfort Systems USA in the 3rd quarter valued at $25,000. Ameritas Advisory Services LLC acquired a new position in Comfort Systems USA in the 2nd quarter worth $27,000. Eastern Bank bought a new position in Comfort Systems USA during the 3rd quarter worth about $31,000. Finally, Avion Wealth increased its holdings in Comfort Systems USA by 1,800.0% during the 3rd quarter. Avion Wealth now owns 57 shares of the construction company’s stock worth $47,000 after purchasing an additional 54 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Laura Finley Howell sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $996.16, for a total value of $996,160.00. Following the transaction, the senior vice president directly owned 7,938 shares in the company, valued at approximately $7,907,518.08. This represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian E. Lane sold 7,158 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the transaction, the insider owned 180,888 shares in the company, valued at $171,478,206.24. This trade represents a 3.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,028 shares of company stock worth $25,381,151 over the last three months. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a research report on Friday, December 19th. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,011.75.

Comfort Systems USA Stock Up 1.2%

Shares of FIX opened at $1,147.97 on Thursday. The firm has a market cap of $40.49 billion, a P/E ratio of 48.60 and a beta of 1.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,158.35. The firm’s 50-day simple moving average is $981.59 and its 200 day simple moving average is $834.13.

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

About Comfort Systems USA

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.