Comfort Systems USA, Inc. $FIX Stake Lessened by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 17.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,421 shares of the construction company’s stock after selling 1,151 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Comfort Systems USA were worth $8,967,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Comfort Systems USA in the second quarter valued at $6,734,037,000. Amundi grew its holdings in shares of Comfort Systems USA by 114.1% during the second quarter. Amundi now owns 292,904 shares of the construction company’s stock worth $580,521,000 after purchasing an additional 156,069 shares during the last quarter. Value Aligned Research Advisors LLC increased its position in shares of Comfort Systems USA by 14.0% during the second quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock worth $482,817,000 after purchasing an additional 29,970 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Comfort Systems USA during the second quarter worth about $443,751,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Comfort Systems USA by 38.3% during the second 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 purchasing an additional 55,938 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. The Goldman Sachs Group set a $1,875.00 target price on Comfort Systems USA in a report on Tuesday, October 20th. Zacks Research downgraded Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. KeyCorp cut their price target on Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, DA Davidson set a $1,850.00 price objective on Comfort Systems USA in a research note on Monday. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,916.14.

Comfort Systems USA Trading Up 3.5%

Shares of NYSE:FIX opened at $1,288.00 on Wednesday. Comfort Systems USA, Inc. has a 1-year low of $841.66 and a 1-year high of $2,073.99. The firm has a fifty day moving average price of $1,585.43 and a 200 day moving average price of $1,592.76.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, beating analysts’ consensus estimates of $12.85 by $1.06. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the firm posted $8.25 earnings per share. The company’s revenue for the quarter was up 53.7% compared to the same quarter last year. On average, research analysts forecast that Comfort Systems USA, Inc. will post 49.21 EPS for the current fiscal year.

Comfort Systems USA Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.0%. This is a negative change from Comfort Systems USA’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, November 12th.

Key Headlines Impacting Comfort Systems USA

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

• Positive Sentiment: Comfort Systems reported record third-quarter revenue and a backlog of approximately $17.81 billion, up about 90% year over year. Management cited strong demand from data centers, technology infrastructure and modular expansion, supporting an optimistic organic-growth outlook for 2027. Comfort Systems USA Q3 2026 Earnings
• Positive Sentiment: The quarterly results exceeded expectations, with earnings per share of $13.91 versus the $12.85 consensus and revenue of $3.77 billion versus the $3.40 billion estimate. Revenue increased 53.7% year over year, reinforcing the company’s strong operating momentum. Comfort Systems USA Reports Third-Quarter Results
• Positive Sentiment: Goldman Sachs raised its price target to $1,895 from $1,875, while Oppenheimer, KeyCorp and DA Davidson maintained bullish ratings despite reducing their targets. The revisions still suggest considerable upside from recent trading levels. Goldman Sachs Price Target
• Neutral Sentiment: The stock rebounded in a 7% rally after the earlier earnings-driven decline, indicating that buyers returned as investors reassessed the company’s long-term growth prospects. Comfort Systems USA Bounces Back
• Negative Sentiment: Gross margin declined from the prior quarter, and management’s 2027 guidance was viewed as insufficiently specific. Those concerns, along with broader worries about an AI-related spending slowdown, initially triggered significant selling. Comfort Systems Earnings and AI Spending
• Negative Sentiment: Stifel, DA Davidson, Oppenheimer and KeyCorp lowered their price targets, reflecting more cautious valuation assumptions after the sell-off. Stifel’s latest target is $1,808, down from $1,910. Stifel Adjusts Comfort Systems USA Price Target

Insider Buying and Selling

In related news, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, the director owned 8,495 shares in the company, valued at $14,389,850.40. The trade was a 32.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Brian Lane sold 16,024 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the transaction, the insider owned 145,065 shares in the company, valued at $233,294,983.65. This trade represents a 9.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,078 shares of company stock valued at $43,211,828 over the last quarter. 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.