Comfort Systems USA, Inc. $FIX Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,284 shares of the construction company’s stock after selling 1,271 shares during the quarter. HighTower Advisors LLC’s holdings in Comfort Systems USA were worth $12,455,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FIX. Signature Equity Partners LLC increased its stake in shares of Comfort Systems USA by 16.7% during the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after acquiring an additional 5 shares during the last quarter. Capital Advisors Inc. OK grew its stake in shares of Comfort Systems USA by 1.9% in the second quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company’s stock valued at $636,000 after buying an additional 6 shares in the last quarter. Coston McIsaac & Partners grew its position in Comfort Systems USA by 3.0% in the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after acquiring an additional 7 shares in the last quarter. Petra Financial Advisors Inc. grew its holdings in Comfort Systems USA by 0.7% during the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after purchasing an additional 7 shares in the last quarter. Finally, Carolina Wealth Advisors LLC grew its stake 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 valued at $36,000 after acquiring an additional 7 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,616.31 on Thursday. Comfort Systems USA, Inc. has a fifty-two week low of $721.87 and a fifty-two week high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The company has a market cap of $56.88 billion, a P/E ratio of 39.75 and a beta of 1.67. The firm’s 50 day simple moving average is $1,690.07 and its 200-day simple moving average is $1,686.99.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The company had revenue of $3.27 billion during 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 for the quarter was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.53 earnings per share. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 47.2 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were paid a $0.90 dividend. The ex-dividend date was Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is currently 8.85%.

Insider Transactions at Comfort Systems USA

In related news, insider Brian Lane sold 16,024 shares of the stock in a transaction 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 sale, 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 is accessible through the SEC website. Also, Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the sale, the director directly owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This trade represents a 9.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 32,778 shares of company stock valued at $56,306,777. 1.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. The Goldman Sachs Group began coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price objective on the stock. Oppenheimer began coverage on Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target for the company. Finally, Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.