1,044 Comfort Systems USA, Inc. $FIX Shares Sold by Sterling Capital Management LLC

Key Points

• Sterling Capital Management reduced its Comfort Systems USA stake by 59.7%, selling 1,044 shares and retaining 705 shares worth approximately $1.17 million. Despite this sale, institutional investors own 96.51% of the company.
• Comfort Systems USA reported strong quarterly results, with revenue up 53.7% year over year to $3.77 billion and EPS of $13.91, exceeding estimates. Its backlog reached a record $17.81 billion, driven by demand for technology projects and modular expansion.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $1,916.14, although several firms recently lowered targets. The company also cut its quarterly dividend to $0.10 from $0.90.

Sterling Capital Management LLC decreased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 59.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 705 shares of the construction company's stock after selling 1,044 shares during the quarter. Sterling Capital Management LLC's holdings in Comfort Systems USA were worth $1,166,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inspire Investing LLC raised its stake in shares of Comfort Systems USA by 14.2% during the third quarter. Inspire Investing LLC now owns 5,065 shares of the construction company's stock valued at $8,378,000 after acquiring an additional 629 shares in the last quarter. MBL Wealth LLC boosted its holdings in shares of Comfort Systems USA by 92.5% in the third quarter. MBL Wealth LLC now owns 514 shares of the construction company's stock valued at $850,000 after purchasing an additional 247 shares during the period. Strategic Planning Group LLC grew its stake in Comfort Systems USA by 18.2% in the third quarter. Strategic Planning Group LLC now owns 17,239 shares of the construction company's stock worth $28,516,000 after purchasing an additional 2,649 shares in the last quarter. Precedent Wealth Partners LLC purchased a new position in Comfort Systems USA during the 3rd quarter worth $202,000. Finally, Vest Financial LLC increased its holdings in Comfort Systems USA by 183.8% during the 3rd quarter. Vest Financial LLC now owns 15,907 shares of the construction company's stock worth $26,312,000 after purchasing an additional 10,302 shares during the period. Institutional investors own 96.51% of the company's stock.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 16,024 shares of the firm's stock in a transaction dated 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 sale, the insider owned 145,065 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the transaction, the director owned 8,495 shares in the company, valued at $14,389,850.40. This trade represents a 32.01% 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. Corporate insiders own 1.24% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. UBS Group set a $1,900.00 target price on Comfort Systems USA in a research report on Monday. Zacks Research cut Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Weiss Ratings downgraded Comfort Systems USA from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. The Goldman Sachs Group set a $1,875.00 price target on Comfort Systems USA in a research note on Tuesday, October 20th. Finally, KeyCorp cut their price target on 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. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,916.14.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,243.72 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.15. The company has a 50 day moving average price of $1,607.88 and a 200-day moving average price of $1,590.44. 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 has a market capitalization of $43.52 billion, a PE ratio of 26.85 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates 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 was up 53.7% compared to the same quarter last year. During the same period last year, the company posted $8.25 earnings per share. Equities analysts predict 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 declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, November 12th. This is a negative change from Comfort Systems USA's previous quarterly dividend of $0.90. Comfort Systems USA's dividend payout ratio is presently 7.77%.

Key Headlines Impacting Comfort Systems USA

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 Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.