Comfort Systems USA, Inc. $FIX Position Trimmed by Freedom Day Solutions LLC

Freedom Day Solutions LLC lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,263 shares of the construction company’s stock after selling 455 shares during the period. Comfort Systems USA makes up 1.5% of Freedom Day Solutions LLC’s portfolio, making the stock its 11th biggest position. Freedom Day Solutions LLC’s holdings in Comfort Systems USA were worth $7,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FIX. Secure Asset Management LLC lifted its stake in shares of Comfort Systems USA by 21.9% in the 3rd quarter. Secure Asset Management LLC now owns 3,249 shares of the construction company’s stock valued at $5,374,000 after purchasing an additional 584 shares in the last quarter. Maia Wealth LLC increased its position in Comfort Systems USA by 5.6% during the 3rd quarter. Maia Wealth LLC now owns 170 shares of the construction company’s stock worth $281,000 after purchasing an additional 9 shares in the last quarter. Tanager Wealth Management LLP increased its position in Comfort Systems USA by 7.4% during the 3rd quarter. Tanager Wealth Management LLP now owns 159 shares of the construction company’s stock worth $263,000 after purchasing an additional 11 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in Comfort Systems USA during the 3rd quarter worth approximately $461,000. Finally, V Square Quantitative Management LLC raised its holdings in Comfort Systems USA by 6.1% in the third quarter. V Square Quantitative Management LLC now owns 853 shares of the construction company’s stock valued at $1,411,000 after buying an additional 49 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

FIX stock opened at $1,464.80 on Tuesday. The firm has a market cap of $51.55 billion, a P/E ratio of 36.03 and a beta of 1.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a 1 year low of $770.47 and a 1 year high of $2,073.99. The stock has a 50-day simple moving average of $1,638.79 and a 200-day simple moving average of $1,732.69.

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

Comfort Systems USA Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FIX shares. DA Davidson began coverage on shares of Comfort Systems USA in a research report on Friday, August 21st. They set a “buy” rating and a $2,100.00 price target on the stock. Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. KeyCorp increased their price objective on shares of Comfort Systems USA from $2,110.00 to $2,125.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group reissued a “buy” rating on shares of Comfort Systems USA in a research note on Tuesday, September 15th. Finally, The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $2,085.00.

Insider Transactions at Comfort Systems USA

In other news, CFO William George, III sold 2,554 shares of the company’s stock in a transaction on 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 transaction, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Lane sold 16,024 shares of the firm’s 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 26,078 shares of company stock valued at $43,211,828. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Company Profile

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.