3,692 Comfort Systems USA, Inc. $FIX Shares Purchased by Aware Super Pty Ltd as trustee of Aware Super

Key Points

• Aware Super increased its Comfort Systems USA stake by 16.2%, purchasing 3,692 shares to own 26,416 shares valued at approximately $43.7 million. Institutional investors collectively hold 96.51% of the company.
• Comfort Systems USA reported stronger-than-expected quarterly results, with EPS of $13.91 and revenue of $3.77 billion, up 53.7% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $1,916.14.
• The stock opened at $1,196.82, well below its 52-week high of $2,073.99. The company also reduced its quarterly dividend from $0.90 to $0.10 per share, while insiders sold more than $43.2 million of stock over the past three months.

Aware Super Pty Ltd as trustee of Aware Super grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 16.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,416 shares of the construction company's stock after purchasing an additional 3,692 shares during the period. Comfort Systems USA makes up 0.6% of Aware Super Pty Ltd as trustee of Aware Super's portfolio, making the stock its 29th biggest holding. Aware Super Pty Ltd as trustee of Aware Super owned about 0.08% of Comfort Systems USA worth $43,694,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FIX. BlackRock Inc. purchased a new stake in shares of Comfort Systems USA in the second quarter worth $6,734,037,000. Amundi grew its position in 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 buying an additional 156,069 shares in the last quarter. Value Aligned Research Advisors LLC increased its stake in Comfort Systems USA by 14.0% in the 2nd quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company's stock worth $482,817,000 after acquiring an additional 29,970 shares during the last quarter. Deutsche Bank AG bought a new position in Comfort Systems USA in the 2nd quarter worth about $443,751,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Comfort Systems USA by 38.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 201,945 shares of the construction company's stock valued at $400,245,000 after acquiring an additional 55,938 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FIX shares. DA Davidson set a $1,850.00 price objective on Comfort Systems USA in a report on Monday, October 26th. Zacks Research downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Oppenheimer dropped their target price on shares of Comfort Systems USA from $2,400.00 to $2,000.00 and set an "outperform" rating for the company in a research report on Monday, October 26th. Stifel Nicolaus set a $1,808.00 target price on shares of Comfort Systems USA in a research report on Monday, October 26th. Finally, UBS Group cut 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 research note on Monday, October 26th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA has an average rating of "Moderate Buy" and a consensus target price of $1,916.14.

Comfort Systems USA Stock Down 2.9%

FIX opened at $1,196.82 on Tuesday. The business's fifty day simple moving average is $1,552.02 and its 200 day simple moving average is $1,597.77. Comfort Systems USA, Inc. has a 52 week low of $841.66 and a 52 week high of $2,073.99. 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 stock has a market cap of $41.88 billion, a PE ratio of 29.05 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued 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. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the previous year, the company posted $8.25 earnings per share. The company's revenue was up 53.7% compared to the same quarter last year. As a group, research analysts expect that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current fiscal year.

Comfort Systems USA Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Thursday, November 12th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.0%. This is a negative change from Comfort Systems USA's previous quarterly dividend of $0.90. Comfort Systems USA's payout ratio is 7.77%.

Insider Activity at Comfort Systems USA

In related news, Director Franklin Myers sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the sale, the director owned 8,495 shares in the company, valued at $14,389,850.40. The trade was a 32.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian Lane sold 16,024 shares of the business'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 value of $25,769,957.04. Following the completion of the sale, the insider 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. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 26,078 shares of company stock valued at $43,211,828. Corporate insiders own 1.24% of the company's stock.

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.

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