966 Shares in Comfort Systems USA, Inc. $FIX Bought by Fortress Financial Solutions LLC

Key Points

• Fortress Financial Solutions purchased 966 shares of Comfort Systems USA worth approximately $1.6 million, while institutional investors collectively own 96.51% of the company.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $2,082.86, despite one recent downgrade to “Hold.”
• FIX shares fell 5.4% to $1,538.84, even as the company reported quarterly earnings and revenue above expectations and increased its quarterly dividend to $0.90 per share.

Fortress Financial Solutions LLC bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 966 shares of the construction company's stock, valued at approximately $1,598,000. Comfort Systems USA makes up about 1.4% of Fortress Financial Solutions LLC's investment portfolio, making the stock its 16th largest position.

Several other large 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 2nd quarter worth approximately $6,734,037,000. Amundi raised its stake in Comfort Systems USA by 114.1% during the second quarter. Amundi now owns 292,904 shares of the construction company's stock valued at $580,521,000 after buying an additional 156,069 shares during the last quarter. Value Aligned Research Advisors LLC raised its stake in Comfort Systems USA by 14.0% during the second quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company's stock valued at $482,817,000 after buying an additional 29,970 shares during the last quarter. Deutsche Bank AG bought a new stake in Comfort Systems USA in the second quarter worth $443,751,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Comfort Systems USA by 38.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 201,945 shares of the construction company's stock worth $400,245,000 after acquiring an additional 55,938 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,024 shares of the stock in a transaction 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 in the company, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their position. The sale was disclosed in a filing with the SEC, 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 shares were sold at an average price of $1,859.65, for a total transaction 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 trade represents a 7.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 26,078 shares of company stock worth $43,211,828 in the last 90 days. 1.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FIX has been the subject of several analyst reports. UBS Group restated a "buy" rating on shares of Comfort Systems USA in a report on Tuesday, September 15th. Zacks Research cut shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. KeyCorp increased their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a research report on Monday, July 27th. DA Davidson initiated coverage on shares of Comfort Systems USA in a research note on Friday, August 21st. They set a "buy" rating and a $2,100.00 price objective for the company. Finally, Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA and gave the stock a "buy" rating in a report on Monday, July 27th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $2,082.86.

Comfort Systems USA Stock Down 5.4%

FIX traded down $87.80 during trading on Wednesday, hitting $1,538.84. 449,958 shares of the company's stock traded hands, compared to its average volume of 430,744. The company's 50 day simple moving average is $1,656.76 and its two-hundred day simple moving average is $1,728.79. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12-month low of $770.47 and a 12-month high of $2,073.99. The stock has a market capitalization of $54.15 billion, a price-to-earnings ratio of 37.85 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to analysts' expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm's quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the previous year, the company earned $6.53 earnings per share. Analysts predict 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 declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.90 per share. The ex-dividend date was Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.80. Comfort Systems USA's dividend payout ratio is 8.85%.

Comfort Systems USA 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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