462 Comfort Systems USA, Inc. $FIX Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 7.5% in the third quarter, HoldingsChannel.com reports. The fund owned 5,720 shares of the construction company’s stock after selling 462 shares during the quarter. Comfort Systems USA accounts for approximately 1.6% of Mountain Pacific Investment Advisers LLC’s portfolio, making the stock its 20th largest position. Mountain Pacific Investment Advisers LLC’s holdings in Comfort Systems USA were worth $9,461,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FIX. BlackRock Inc. purchased a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $6,734,037,000. Deutsche Bank AG purchased a new position in Comfort Systems USA in the 2nd quarter worth approximately $443,751,000. Legal & General Group Plc bought a new stake in Comfort Systems USA in the second quarter valued at approximately $400,096,000. Bank of New York Mellon Corp bought a new stake in Comfort Systems USA in the second quarter valued at approximately $370,479,000. Finally, Amundi lifted its position in Comfort Systems USA by 114.1% in the second quarter. Amundi now owns 292,904 shares of the construction company’s stock valued at $580,521,000 after purchasing an additional 156,069 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In other 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 value of $25,769,957.04. Following the completion of the transaction, the insider owned 145,065 shares of the company’s stock, valued at approximately $233,294,983.65. This represents a 9.95% 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, CFO William George, III sold 2,554 shares of the 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 directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. This represents a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 26,078 shares of company stock worth $43,211,828. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Up 7.0%

Shares of FIX opened at $1,284.52 on Wednesday. The firm’s 50-day moving average price is $1,545.56 and its 200-day moving average price is $1,598.92. The firm has a market capitalization of $44.95 billion, a price-to-earnings ratio of 27.73 and a beta of 1.64. 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, Inc. has a 1-year low of $841.66 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter in the previous year, the company earned $8.25 earnings per share. Comfort Systems USA’s quarterly revenue was up 53.7% on a year-over-year basis. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 50.32 EPS for the current year.

Comfort Systems USA Cuts Dividend

The company also recently announced 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 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 dividend on an annualized basis and a dividend yield of 0.0%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 7.77%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings downgraded shares of Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 23rd. 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. Stifel Nicolaus set a $1,808.00 price target on shares of Comfort Systems USA in a research report on Monday, October 26th. Finally, The Goldman Sachs Group set a $1,875.00 price target on shares of Comfort Systems USA in a report on Tuesday, October 20th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,916.14.

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.