966 Shares in Comfort Systems USA, Inc. $FIX Purchased by Fortress Financial Solutions LLC

Fortress Financial Solutions LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 966 shares of the construction company’s stock, valued at approximately $1,598,000. Comfort Systems USA comprises 1.4% of Fortress Financial Solutions LLC’s portfolio, making the stock its 16th biggest position.

Several other hedge funds also recently bought and sold shares of the business. Jones Financial Companies Lllp bought a new stake in Comfort Systems USA during the 2nd quarter valued at about $26,000. Avalon Trust Co bought a new position in Comfort Systems USA in the 2nd quarter worth about $32,000. Field & Main Bank bought a new position in Comfort Systems USA in the 2nd quarter worth about $32,000. Carolina Wealth Advisors LLC increased its position in shares of Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after acquiring an additional 7 shares during the period. Finally, Glynn Capital Management LLC increased its position in shares of Comfort Systems USA by 58.3% during the third quarter. Glynn Capital Management LLC now owns 19 shares of the construction company’s stock worth $31,000 after acquiring an additional 7 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 5.4%

FIX stock traded down $87.80 on Wednesday, hitting $1,538.84. 449,958 shares of the company’s stock were exchanged, compared to its average volume of 430,744. The firm has a 50 day moving average price of $1,656.76 and a two-hundred day moving average price of $1,728.79. Comfort Systems USA, Inc. has a 12-month low of $770.47 and a 12-month high of $2,073.99. The stock has a market cap of $54.15 billion, a P/E ratio of 37.85 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 (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping analysts’ consensus estimates of $10.45 by $2.08. The business 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%. The company’s revenue was up 50.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.53 earnings per share. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 48.15 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders 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 represents a $3.60 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s payout ratio is 8.85%.

Insider Buying and Selling

In related news, insider Brian Lane sold 16,024 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the transaction, the insider directly 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 this hyperlink. Also, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the transaction, the director owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,078 shares of company stock valued at $43,211,828 over the last ninety days. Company insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FIX shares. Weiss Ratings upgraded Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. DA Davidson began coverage on 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. Erste Group Bank lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA and gave the company a “buy” rating in a report on Monday, July 27th. Finally, KeyCorp lifted their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $2,082.86.

About Comfort Systems USA

Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.