Comfort Systems USA, Inc. $FIX Shares Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 15.3% in the third quarter, HoldingsChannel.com reports. The fund owned 3,306 shares of the construction company’s stock after acquiring 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 Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in Comfort Systems USA during the second quarter worth $26,000. Glynn Capital Management LLC grew its stake in Comfort Systems USA by 58.3% in the 3rd quarter. Glynn Capital Management LLC now owns 19 shares of the construction company’s stock valued at $31,000 after purchasing an additional 7 shares during the period. Avalon Trust Co bought a new position in Comfort Systems USA in the 2nd quarter valued at $32,000. Field & Main Bank bought a new position in Comfort Systems USA in the 2nd quarter valued at $32,000. Finally, Nvwm LLC purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $35,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FIX has been the topic of a number of recent analyst reports. Erste Group Bank cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Stifel Nicolaus set a $1,808.00 price target on shares of Comfort Systems USA in a report on Monday. Zacks Research lowered shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. The Goldman Sachs Group set a $1,875.00 price objective on shares of Comfort Systems USA in a report on Tuesday, October 20th. Finally, DA Davidson set a $1,850.00 price objective on shares of Comfort Systems USA in a report on Monday. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and an average target price of $1,916.14.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,346.81 on Thursday. The company has a market capitalization of $47.12 billion, a P/E ratio of 29.08 and a beta of 1.66. The business has a fifty day simple moving average of $1,577.57 and a two-hundred day simple moving average of $1,594.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.13. Comfort Systems USA, Inc. has a 1 year low of $841.66 and a 1 year high of $2,073.99.

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

Comfort Systems USA Cuts Dividend

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

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian Lane sold 16,024 shares of the company’s stock in a transaction dated 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 $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William George, III sold 2,554 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer owned 30,250 shares of the company’s stock, valued at $56,254,412.50. This represents a 7.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,078 shares of company stock valued at $43,211,828 over the last three months. 1.24% of the stock is currently owned by insiders.

Comfort Systems USA 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.