Comfort Systems USA, Inc. $FIX Stock: Sigma Planning Corp Decreases Holdings

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Comfort Systems USA in the second quarter valued at approximately $6,734,037,000. Amundi grew its position in 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 buying an additional 156,069 shares during the last quarter. Value Aligned Research Advisors LLC increased its stake in Comfort Systems USA by 14.0% in the 2nd quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock valued at $482,817,000 after buying an additional 29,970 shares during the period. Deutsche Bank AG acquired a new position in Comfort Systems USA in the 2nd quarter valued at $443,751,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Comfort Systems USA by 38.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 201,945 shares of the construction company’s stock worth $400,245,000 after buying an additional 55,938 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling

In related news, insider Brian Lane sold 16,024 shares of Comfort Systems USA stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the transaction, the insider owned 145,065 shares in the company, valued at approximately $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the transaction, the director directly owned 8,495 shares in the company, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 26,078 shares of company stock valued at $43,211,828. Insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Performance

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

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.85 by $1.06. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.25 EPS. As a group, research analysts expect that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current fiscal year.

Comfort Systems USA Cuts Dividend

The business also recently declared 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 annualized dividend and a yield of 0.0%. This is a negative change from Comfort Systems USA’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, November 12th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 7.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FIX shares. Stifel Nicolaus set a $1,808.00 price objective on shares of Comfort Systems USA in a research report on Monday, October 26th. UBS Group decreased their target price on shares of Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating on the stock in a research report on Monday, October 26th. DA Davidson set a $1,850.00 target price on shares of Comfort Systems USA in a research report on Monday, October 26th. KeyCorp lowered their price target on shares of Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating on the stock in a research note on Monday, October 26th. Finally, The Goldman Sachs Group set a $1,875.00 price target on shares of Comfort Systems USA in a report on Tuesday, October 20th. Eight 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,916.14.

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.