599 Comfort Systems USA, Inc. $FIX Shares Sold by Inscription Capital LLC

Inscription Capital LLC cut its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 78.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 166 shares of the construction company’s stock after selling 599 shares during the quarter. Inscription Capital LLC’s holdings in Comfort Systems USA were worth $275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp purchased a new position in Comfort Systems USA in the second quarter valued at $26,000. Avalon Trust Co purchased a new stake in Comfort Systems USA during the 2nd quarter worth about $32,000. Field & Main Bank acquired a new stake in Comfort Systems USA in the 2nd quarter valued at about $32,000. Carolina Wealth Advisors LLC raised its position in Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after purchasing an additional 7 shares in the last quarter. Finally, Glynn Capital Management LLC raised its position in Comfort Systems USA by 58.3% in 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. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,014.97 on Monday. The company’s 50 day simple moving average is $1,510.83 and its 200-day simple moving average is $1,597.49. The firm has a market cap of $35.51 billion, a PE ratio of 21.91 and a beta of 1.64. Comfort Systems USA, Inc. has a 12-month low of $841.66 and a 12-month high of $2,073.99. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

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

Comfort Systems USA Cuts Dividend

The business also recently declared 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 is a decrease from Comfort Systems USA’s previous quarterly dividend of $0.90. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, November 12th. Comfort Systems USA’s dividend payout ratio is 7.77%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, insider Brian Lane sold 16,024 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $233,294,983.65. This represents a 9.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George, III sold 2,554 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,578 shares of company stock worth $37,295,183 in the last quarter. Company insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

FIX has been the subject of a number of analyst reports. KeyCorp lowered their price objective on 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. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. DA Davidson set a $1,850.00 target price on shares of Comfort Systems USA in a report on Monday, October 26th. The Goldman Sachs Group set a $1,875.00 price target on shares of Comfort Systems USA in a research note on Tuesday, October 20th. Finally, UBS Group lowered their price target on shares of Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating for the company in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $1,916.14.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of heating, ventilation and air conditioning (HVAC) and other mechanical services for commercial, industrial and institutional customers. Founded in 1997 and headquartered in Houston, Texas, the company serves customers across the United States through its operating businesses.

Its services include designing and installing HVAC and related mechanical systems for new construction and building renovations, as well as maintaining, repairing and replacing existing equipment.