Victory Capital Management Inc. Has $70.86 Million Stock Holdings in Comfort Systems USA, Inc. $FIX

Victory Capital Management Inc. trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 12.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,870 shares of the construction company’s stock after selling 12,260 shares during the period. Victory Capital Management Inc.’s holdings in Comfort Systems USA were worth $70,858,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Belpointe Asset Management LLC raised its holdings in Comfort Systems USA by 1.0% during the 3rd quarter. Belpointe Asset Management LLC now owns 1,256 shares of the construction company’s stock worth $1,036,000 after purchasing an additional 13 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in shares of Comfort Systems USA by 0.9% during the third quarter. Flagship Harbor Advisors LLC now owns 1,478 shares of the construction company’s stock worth $1,220,000 after purchasing an additional 13 shares during the period. Wedmont Private Capital boosted its holdings in shares of Comfort Systems USA by 3.8% in the third quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock valued at $406,000 after buying an additional 18 shares during the period. Ballentine Partners LLC boosted its holdings in Comfort Systems USA by 2.2% during the third quarter. Ballentine Partners LLC now owns 898 shares of the construction company’s stock worth $741,000 after purchasing an additional 19 shares during the last quarter. Finally, Archer Investment Corp grew its holdings in shares of Comfort Systems USA by 8.0% in the 2nd quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock valued at $145,000 after acquiring an additional 20 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comfort Systems USA

In related news, Director William J. Sandbrook sold 2,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the completion of the sale, the director owned 9,166 shares of the company’s stock, valued at approximately $13,229,471.12. This trade represents a 21.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO William George III sold 9,000 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the sale, the chief financial officer directly owned 37,824 shares in the company, valued at $54,276,305.28. The trade was a 19.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 37,288 shares of company stock worth $53,677,038 in the last three months. Corporate insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Down 5.9%

FIX stock opened at $1,345.83 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $47.33 billion, a PE ratio of 46.57 and a beta of 1.63. The stock’s 50 day moving average is $1,193.03 and its 200-day moving average is $976.48. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating the consensus estimate of $6.75 by $2.62. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The firm’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.09 earnings per share. Sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be issued a $0.70 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 6th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is presently 8.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FIX shares. UBS Group restated a “buy” rating and issued a $1,310.00 price target on shares of Comfort Systems USA in a research note on Monday, February 2nd. DA Davidson increased their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Finally, Stifel Nicolaus set a $1,611.00 price target on Comfort Systems USA in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and an average target price of $1,573.67.

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.