Victory Capital Management Inc. Sells 12,260 Shares of Comfort Systems USA, Inc. $FIX

Victory Capital Management Inc. lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 12.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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. owned approximately 0.24% of Comfort Systems USA worth $70,858,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Belpointe Asset Management LLC increased 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 period. Flagship Harbor Advisors LLC raised its stake in shares of Comfort Systems USA by 0.9% in 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 last quarter. Wedmont Private Capital boosted its holdings in 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 purchasing an additional 18 shares during the last quarter. 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 buying an additional 19 shares in the last quarter. Finally, Archer Investment Corp boosted its position in Comfort Systems USA by 8.0% during the second quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock worth $145,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 5.9%

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

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, topping analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the company earned $4.09 earnings per share. The firm’s revenue was up 41.7% compared to the same quarter last year. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share 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. Shareholders of record on Friday, March 6th will be issued a $0.70 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, March 6th. Comfort Systems USA’s dividend payout ratio is currently 8.30%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FIX. UBS Group restated a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. DA Davidson boosted their target price 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. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $1,573.67.

Insiders Place Their Bets

In other news, CFO William George III sold 9,000 shares of the 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 transaction, the chief financial officer owned 37,824 shares in the company, valued at $54,276,305.28. This represents a 19.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 4,500 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the sale, the director owned 18,035 shares of the company’s stock, valued at approximately $24,703,260.90. This trade represents a 19.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,288 shares of company stock worth $53,677,038 over the last three months. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Company Profile

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.