Comfort Systems USA, Inc. $FIX Stock: Geneva Partners LLC Reduces Stake

Geneva Partners LLC reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 59.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,743 shares of the construction company’s stock after selling 2,572 shares during the period. Geneva Partners LLC’s holdings in Comfort Systems USA were worth $2,884,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in FIX. Simplicity Wealth LLC purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at $601,000. New York State Teachers Retirement System boosted its position in Comfort Systems USA by 2.7% during the first quarter. New York State Teachers Retirement System now owns 30,665 shares of the construction company’s stock valued at $42,287,000 after purchasing an additional 800 shares during the last quarter. Argent Capital Management LLC boosted its position in Comfort Systems USA by 20.8% during the first quarter. Argent Capital Management LLC now owns 6,985 shares of the construction company’s stock valued at $9,632,000 after purchasing an additional 1,202 shares during the last quarter. IPG Investment Advisors LLC purchased a new position in Comfort Systems USA in the second quarter valued at about $1,833,000. Finally, Compass Financial Management LLC acquired a new position in Comfort Systems USA in the 2nd quarter worth about $2,238,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of a number of recent research reports. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. UBS Group set a $1,900.00 price objective on Comfort Systems USA in a report on Monday. KeyCorp dropped their price objective on Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating on the stock in a report on Monday. Oppenheimer cut their price objective on shares of Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Zacks Research cut 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 company’s stock. According to data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,916.14.

Comfort Systems USA Price Performance

NYSE FIX opened at $1,243.72 on Tuesday. Comfort Systems USA, Inc. has a fifty-two week low of $841.66 and a fifty-two week high of $2,073.99. The stock’s 50-day moving average is $1,607.88 and its two-hundred day moving average is $1,590.44. The firm has a market cap of $43.52 billion, a P/E ratio of 26.85 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.13.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.85 by $1.06. The company had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.40 billion. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The firm’s revenue was up 53.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.25 EPS. On average, analysts anticipate that Comfort Systems USA, Inc. will post 48.80 earnings per share for the current fiscal year.

Comfort Systems USA Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 12th. 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 yield of 0.0%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 7.77%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian Lane sold 16,024 shares of the 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 transaction, the insider owned 145,065 shares in the company, valued at $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the transaction, the director directly owned 8,495 shares in the company, valued at approximately $14,389,850.40. This represents a 32.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,078 shares of company stock worth $43,211,828 over the last 90 days. Insiders own 1.24% of the company’s stock.

Comfort Systems USA News Summary

Here are the key news stories impacting Comfort Systems USA this week:

• Positive Sentiment: Third-quarter revenue rose 53.7% year over year to $3.77 billion, while adjusted earnings of $13.91 per share exceeded the $12.85 consensus estimate. Comfort Systems USA reports third-quarter results
• Positive Sentiment: Backlog reached a record $17.81 billion, approximately 90% above the prior-year level. Management highlighted sustained demand from technology projects and modular expansion, supporting an optimistic organic-growth outlook for 2027. FIX Q3 earnings call highlights
• Positive Sentiment: Goldman Sachs raised its price target to $1,895 from $1,875. Oppenheimer and KeyCorp maintained bullish ratings, with “outperform” and “overweight” views, respectively, despite lowering their targets. Goldman Sachs price-target update
• Neutral Sentiment: DA Davidson reduced its target to $1,850 from $2,100, while Oppenheimer cut its target to $2,000 from $2,400 and KeyCorp lowered its target to $1,979 from $2,125. The firms nevertheless retained positive ratings, indicating reduced valuation assumptions rather than a deterioration in their overall outlook. DA Davidson price-target update
• Negative Sentiment: Gross margin declined from the previous quarter, raising concerns about execution and the sustainability of profitability as Comfort Systems expands. Analysts and investors also viewed the 2027 outlook as lacking detail, contributing to the earlier sell-off. Comfort Systems earnings outlook

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.