Comfort Systems USA, Inc. $FIX Shares Sold by Prosperitas Financial LLC

Prosperitas Financial LLC lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 30.7% during the 3rd quarter, Holdings Channel reports. The fund owned 3,995 shares of the construction company’s stock after selling 1,766 shares during the period. Comfort Systems USA makes up 2.0% of Prosperitas Financial LLC’s portfolio, making the stock its 16th largest holding. Prosperitas Financial LLC’s holdings in Comfort Systems USA were worth $6,608,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new position in shares of Comfort Systems USA in the 2nd quarter worth $26,000. Glynn Capital Management LLC increased its stake in Comfort Systems USA by 58.3% during the 3rd quarter. Glynn Capital Management LLC now owns 19 shares of the construction company’s stock valued at $31,000 after purchasing an additional 7 shares in the last quarter. Avalon Trust Co bought a new stake in Comfort Systems USA during the 2nd quarter valued at $32,000. Field & Main Bank acquired a new position in Comfort Systems USA during the second quarter worth $32,000. Finally, Nvwm LLC acquired a new position in Comfort Systems USA during the third quarter worth $35,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FIX has been the topic of a number of recent research 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. KeyCorp decreased their target price on shares of Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating for the company in a research report on Monday, October 26th. Stifel Nicolaus set a $1,808.00 target price on shares of Comfort Systems USA in a report on Monday. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, UBS Group cut their price target on Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating for the company in a research note on Monday. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,916.14.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,227.74 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.13. The firm has a 50-day moving average of $1,561.25 and a 200-day moving average of $1,597.15. Comfort Systems USA, Inc. has a one year low of $841.66 and a one year high of $2,073.99. The company has a market cap of $42.96 billion, a P/E ratio of 26.51 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share for the quarter, topping the consensus estimate of $12.85 by $1.06. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the previous year, the company earned $8.25 earnings per share. The firm’s revenue for the quarter was up 53.7% compared to the same quarter last year. Equities research analysts forecast that Comfort Systems USA, Inc. will post 50.32 EPS for the current fiscal year.

Comfort Systems USA Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be paid a $0.10 dividend. This is a negative change from Comfort Systems USA’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, November 12th. This represents a $0.40 annualized dividend and a yield of 0.0%. Comfort Systems USA’s dividend payout ratio (DPR) is 7.77%.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian Lane sold 16,024 shares of Comfort Systems USA stock in a transaction that occurred 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 transaction, the insider owned 145,065 shares of the company’s stock, valued at $233,294,983.65. This trade represents a 9.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George, III sold 2,554 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. The trade was a 7.79% 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 in the last 90 days. 1.24% of the stock is currently owned by corporate 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.