Comfort Systems USA, Inc. $FIX Stock: Sterling Capital Management LLC Reduces Position

Sterling Capital Management LLC reduced its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 59.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 705 shares of the construction company’s stock after selling 1,044 shares during the quarter. Sterling Capital Management LLC’s holdings in Comfort Systems USA were worth $1,166,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Inspire Investing LLC raised its position in shares of Comfort Systems USA by 14.2% in the 3rd quarter. Inspire Investing LLC now owns 5,065 shares of the construction company’s stock valued at $8,378,000 after purchasing an additional 629 shares during the last quarter. MBL Wealth LLC boosted its stake in Comfort Systems USA by 92.5% in the 3rd quarter. MBL Wealth LLC now owns 514 shares of the construction company’s stock worth $850,000 after purchasing an additional 247 shares in the last quarter. Strategic Planning Group LLC grew its position in Comfort Systems USA by 18.2% during the 3rd quarter. Strategic Planning Group LLC now owns 17,239 shares of the construction company’s stock worth $28,516,000 after purchasing an additional 2,649 shares during the last quarter. Precedent Wealth Partners LLC purchased a new stake in Comfort Systems USA during the 3rd quarter worth approximately $202,000. Finally, Vest Financial LLC grew its position in Comfort Systems USA by 183.8% during the 3rd quarter. Vest Financial LLC now owns 15,907 shares of the construction company’s stock worth $26,312,000 after purchasing an additional 10,302 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of recent analyst reports. Erste Group Bank lowered shares of 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 objective on shares of Comfort Systems USA in a research note on Monday. Oppenheimer dropped their price objective on shares of Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating on the stock in a report on Monday. KeyCorp dropped their price objective on shares of Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Weiss Ratings downgraded Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,916.14.

Key Headlines Impacting Comfort Systems USA

Here are the key news stories impacting Comfort Systems USA this week:

• Positive Sentiment: Third-quarter revenue rose 53.7% year over year to $3.77 billion, while adjusted earnings of $13.91 per share exceeded the $12.85 consensus estimate. Comfort Systems USA reports third-quarter results
• Positive Sentiment: Backlog reached a record $17.81 billion, approximately 90% above the prior-year level. Management highlighted sustained demand from technology projects and modular expansion, supporting an optimistic organic-growth outlook for 2027. FIX Q3 earnings call highlights
• Positive Sentiment: Goldman Sachs raised its price target to $1,895 from $1,875. Oppenheimer and KeyCorp maintained bullish ratings, with “outperform” and “overweight” views, respectively, despite lowering their targets. Goldman Sachs price-target update
• Neutral Sentiment: DA Davidson reduced its target to $1,850 from $2,100, while Oppenheimer cut its target to $2,000 from $2,400 and KeyCorp lowered its target to $1,979 from $2,125. The firms nevertheless retained positive ratings, indicating reduced valuation assumptions rather than a deterioration in their overall outlook. DA Davidson price-target update
• Negative Sentiment: Gross margin declined from the previous quarter, raising concerns about execution and the sustainability of profitability as Comfort Systems expands. Analysts and investors also viewed the 2027 outlook as lacking detail, contributing to the earlier sell-off. Comfort Systems earnings outlook

Insiders Place Their Bets

In other news, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction on 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 sale, the director directly owned 8,495 shares of the company’s stock, valued at $14,389,850.40. This represents a 32.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 16,024 shares of the company’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 completion of the sale, the insider directly owned 145,065 shares in the company, valued at $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 26,078 shares of company stock valued at $43,211,828. 1.24% of the stock is owned by insiders.

Comfort Systems USA Trading Up 7.1%

Shares of NYSE:FIX opened at $1,243.72 on Tuesday. Comfort Systems USA, Inc. has a 52-week low of $841.66 and a 52-week high of $2,073.99. The stock has a market cap of $43.52 billion, a price-to-earnings ratio of 26.85 and a beta of 1.66. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $1,607.88 and a 200-day moving average price of $1,590.44.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.85 by $1.06. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.40 billion. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The company’s revenue was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.25 earnings per share. Equities analysts predict that Comfort Systems USA, Inc. will post 48.80 EPS for the current year.

Comfort Systems USA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 0.0%. This is a drop from Comfort Systems USA’s previous quarterly dividend of $0.90. Comfort Systems USA’s payout ratio is 7.77%.

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.