Comfort Systems USA, Inc. $FIX Stock: Cowa LLC Grows Position

Cowa LLC lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 5.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 13,104 shares of the construction company’s stock after purchasing an additional 665 shares during the quarter. Comfort Systems USA comprises 5.2% of Cowa LLC’s investment portfolio, making the stock its 2nd largest position. Cowa LLC’s holdings in Comfort Systems USA were worth $21,675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Comfort Systems USA during the 2nd quarter valued at about $6,734,037,000. Amundi grew its position in Comfort Systems USA by 114.1% during the 2nd 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 raised its holdings in shares of Comfort Systems USA by 14.0% in the second quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock worth $482,817,000 after buying an additional 29,970 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Comfort Systems USA during the second quarter worth $443,751,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 valued at $400,245,000 after buying an additional 55,938 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In other news, Director Franklin Myers sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the sale, the director owned 8,495 shares of the company’s stock, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian 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 transaction, the insider owned 145,065 shares of the company’s stock, valued at $233,294,983.65. This represents a 9.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 26,078 shares of company stock valued at $43,211,828. Insiders own 1.24% of the company’s stock.

Analyst Ratings Changes

FIX has been the topic of a number of research reports. Oppenheimer cut their price objective on Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating on the stock in a report on Monday, October 26th. DA Davidson set a $1,850.00 price objective on shares of Comfort Systems USA in a report on Monday, October 26th. KeyCorp cut 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 research note on Monday, October 26th. Weiss Ratings lowered shares of Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Finally, UBS Group lowered their target price on Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating on the stock in a research note on Monday, October 26th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Comfort Systems USA has a consensus rating of “Moderate Buy” and a consensus price target of $1,916.14.

Comfort Systems USA Stock Down 15.5%

NYSE FIX opened at $1,085.71 on Thursday. The business’s fifty day simple moving average is $1,536.01 and its 200-day simple moving average is $1,598.89. 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 firm has a market cap of $37.99 billion, a PE ratio of 27.75 and a beta of 1.64. Comfort Systems USA, Inc. has a 52 week low of $841.66 and a 52 week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 22nd. The construction company reported $13.91 earnings per share for the quarter, beating analysts’ consensus estimates of $12.85 by $1.06. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.40 billion. During the same period in the previous year, the firm posted $8.25 earnings per share. The company’s revenue was up 53.7% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current year.

Comfort Systems USA Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.10 per share. This is a drop 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 presently 7.77%.

About Comfort Systems USA

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.