Oppenheimer & Co. Inc. trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 55.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 534 shares of the construction company’s stock after selling 677 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Comfort Systems USA were worth $883,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of FIX. Park Avenue Securities LLC increased its holdings in shares of Comfort Systems USA by 8.5% in the 3rd quarter. Park Avenue Securities LLC now owns 4,042 shares of the construction company’s stock valued at $6,685,000 after acquiring an additional 316 shares during the period. Westover Capital Advisors LLC lifted its stake in shares of Comfort Systems USA by 8.9% during the 3rd quarter. Westover Capital Advisors LLC now owns 719 shares of the construction company’s stock worth $1,189,000 after purchasing an additional 59 shares during the last quarter. Peterson Wealth Services boosted its position in Comfort Systems USA by 0.5% during the third quarter. Peterson Wealth Services now owns 16,181 shares of the construction company’s stock valued at $26,765,000 after purchasing an additional 87 shares in the last quarter. Dedeker Financial LLC boosted its position in Comfort Systems USA by 1.0% during the third quarter. Dedeker Financial LLC now owns 2,407 shares of the construction company’s stock valued at $3,981,000 after purchasing an additional 24 shares in the last quarter. Finally, Radnor Capital Management LLC bought a new stake in Comfort Systems USA during the third quarter valued at about $248,000. 96.51% of the stock is owned by hedge funds and other institutional investors.
Comfort Systems USA Price Performance
NYSE FIX opened at $1,284.52 on Wednesday. The company has a market cap of $44.95 billion, a price-to-earnings ratio of 27.73 and a beta of 1.64. 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 stock’s fifty day moving average price is $1,545.56 and its 200 day moving average price is $1,598.92. Comfort Systems USA, Inc. has a 1 year low of $841.66 and a 1 year high of $2,073.99.
Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.40 billion. During the same quarter in the previous year, the business earned $8.25 EPS. The company’s quarterly revenue was up 53.7% compared to the same quarter last year. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current year.
Comfort Systems USA Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Thursday, November 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.0%. This is a drop from Comfort Systems USA’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, November 12th. Comfort Systems USA’s dividend payout ratio is 7.77%.
Analyst Upgrades and Downgrades
Several analysts have commented on FIX shares. Weiss Ratings lowered shares of Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. UBS Group cut their price objective on shares of Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating on the stock in a research report on Monday, October 26th. DA Davidson set a $1,850.00 price objective on shares of Comfort Systems USA in a research note on Monday, October 26th. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus price target of $1,916.14.
Check Out Our Latest Stock Analysis on FIX
Insider Buying and Selling
In other news, CFO William George, III sold 2,554 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $56,254,412.50. The trade was a 7.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Franklin Myers sold 4,000 shares of the company’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 completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,078 shares of company stock valued at $43,211,828 over the last 90 days. Insiders own 1.24% of the company’s stock.
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.
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