1,081 Comfort Systems USA, Inc. $FIX Shares Sold by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors reduced its Comfort Systems USA stake by 27.2%, selling 1,081 shares and retaining 2,897 shares valued at approximately $4.79 million. Institutional investors collectively own 96.51% of the company.
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 beating estimates by $2.08 and revenue rising 50.3% year over year to $3.27 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $2,082.86.
• The company increased its quarterly dividend from $0.80 to $0.90 per share, equal to an annualized dividend of $3.60 and a 0.2% yield. Meanwhile, company insiders sold 26,078 shares worth $43.2 million over the past three months.

Farther Finance Advisors LLC decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 27.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,897 shares of the construction company's stock after selling 1,081 shares during the quarter. Farther Finance Advisors LLC's holdings in Comfort Systems USA were worth $4,791,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Comfort Systems USA in the second quarter valued at about $6,734,037,000. Amundi lifted its stake in shares of Comfort Systems USA by 114.1% during the second quarter. Amundi now owns 292,904 shares of the construction company's stock worth $580,521,000 after purchasing an additional 156,069 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Comfort Systems USA by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 279,947 shares of the construction company's stock worth $385,800,000 after purchasing an additional 14,423 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Comfort Systems USA by 12.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 252,979 shares of the construction company's stock worth $348,856,000 after buying an additional 28,712 shares during the period. Finally, Value Aligned Research Advisors LLC boosted its position in shares of Comfort Systems USA by 14.0% in the second quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company's stock worth $482,817,000 after buying an additional 29,970 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a report on Monday, July 27th. UBS Group reissued a "buy" rating on shares of Comfort Systems USA in a research report on Tuesday, September 15th. KeyCorp upped their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an "overweight" rating in a report on Monday, July 27th. Weiss Ratings raised shares of Comfort Systems USA from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday. Finally, The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating and two have assigned 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 $2,082.86.

Comfort Systems USA Stock Up 0.5%

Shares of NYSE FIX opened at $1,715.28 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a 1 year low of $770.47 and a 1 year high of $2,073.99. The stock's 50-day simple moving average is $1,662.51 and its 200-day simple moving average is $1,724.24. The firm has a market cap of $60.36 billion, a price-to-earnings ratio of 42.19 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts' consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the business posted $6.53 earnings per share. Comfort Systems USA's revenue for the quarter was up 50.3% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 48.15 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. Comfort Systems USA's dividend payout ratio is currently 8.85%.

Insider Buying and Selling at Comfort Systems USA

In other news, 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 transaction of $4,749,546.10. Following the completion of the transaction, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian Lane sold 16,024 shares of the firm'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 sale, the insider directly owned 145,065 shares of the company's stock, valued at $233,294,983.65. The trade was a 9.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,078 shares of company stock valued at $43,211,828 in the last three months. Corporate insiders own 1.24% of the company's stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc NYSE: FIX provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company's services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.

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