3,019 Comfort Systems USA, Inc. $FIX Shares Purchased by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its Comfort Systems USA stake by 13%, buying 3,019 shares in the third quarter and bringing its holding to 26,274 shares.
• Comfort Systems USA reported quarterly earnings of $13.91 per share, above the $12.85 consensus, while revenue rose 53.7% year over year to $3.77 billion. Analysts’ average rating is “Buy,” with a consensus price target of $1,916.14.
• The company cut its quarterly dividend to $0.10 from $0.90. Insiders also sold 26,078 shares worth about $43.2 million during the quarter.

Candriam S.C.A. raised its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 13.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,274 shares of the construction company's stock after purchasing an additional 3,019 shares during the quarter. Candriam S.C.A. owned 0.08% of Comfort Systems USA worth $43,618,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of FIX. Point Nemo Capital LLC boosted its position in shares of Comfort Systems USA by 1.2% during the third quarter. Point Nemo Capital LLC now owns 1,372 shares of the construction company's stock valued at $2,269,000 after buying an additional 16 shares during the last quarter. Ethic Inc. raised its position in Comfort Systems USA by 10.4% in the 3rd quarter. Ethic Inc. now owns 2,824 shares of the construction company's stock valued at $4,672,000 after buying an additional 265 shares during the last quarter. StoneX Group Inc. purchased a new stake in Comfort Systems USA in the 3rd quarter valued at $391,000. Formidable Asset Management LLC purchased a new stake in Comfort Systems USA in the 3rd quarter valued at $533,000. Finally, Parallel Advisors LLC raised its position in Comfort Systems USA by 4.2% in the 3rd quarter. Parallel Advisors LLC now owns 717 shares of the construction company's stock valued at $1,186,000 after buying an additional 29 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Franklin Myers sold 4,000 shares of the firm's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total transaction of $6,775,680.00. Following the completion of the sale, the director directly owned 8,495 shares of the company's stock, valued at $14,389,850.40. This trade represents a 32.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William George, III sold 2,554 shares of the firm's stock in a transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,078 shares of company stock worth $43,211,828 in the last quarter. 1.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FIX shares. Erste Group Bank cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Zacks Research upgraded shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 3rd. The Goldman Sachs Group set a $1,875.00 target price on shares of Comfort Systems USA in a report on Tuesday, October 20th. UBS Group dropped their price target on shares of Comfort Systems USA from $2,225.00 to $1,900.00 and set a "buy" rating on the stock in a research report on Monday, October 26th. Finally, Stifel Nicolaus set a $1,808.00 price target on shares of Comfort Systems USA 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of "Buy" and a consensus price target of $1,916.14.

Comfort Systems USA Stock Performance

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

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, beating analysts' consensus estimates 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%. Comfort Systems USA's revenue was up 53.7% on a year-over-year basis. During the same period last year, the business posted $8.25 earnings per share. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current year.

Comfort Systems USA Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be paid a $0.10 dividend. This is a drop 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 yield of 0.0%. Comfort Systems USA's dividend payout ratio is currently 7.77%.

Comfort Systems USA 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.

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