Cantor Fitzgerald Investment Advisors L.P. Makes New $2.65 Million Investment in Comfort Systems USA, Inc. $FIX

Key Points

• Cantor Fitzgerald Investment Advisors initiated a $2.65 million position in Comfort Systems USA by purchasing 1,600 shares during the third quarter. 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 expect full-year EPS of $48.79.
• Despite recent insider selling totaling $43.2 million, Wall Street remains broadly positive: eight analysts rate the stock a Buy and two rate it Hold, with a consensus price target of $2,044.43 versus its reported $1,399.81 share price.

Cantor Fitzgerald Investment Advisors L.P. purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,600 shares of the construction company's stock, valued at approximately $2,647,000.

Other institutional investors have also recently made changes to their positions in the company. Signature Equity Partners LLC grew its position in Comfort Systems USA by 16.7% during the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company's stock worth $48,000 after buying an additional 5 shares in the last quarter. Capital Advisors Inc. OK increased its stake in Comfort Systems USA by 1.9% in the 2nd quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company's stock worth $636,000 after acquiring an additional 6 shares during the last quarter. Versant Capital Management Inc increased its stake in Comfort Systems USA by 3.4% in the 3rd quarter. Versant Capital Management Inc now owns 183 shares of the construction company's stock worth $303,000 after acquiring an additional 6 shares during the last quarter. LifeGoal Investments LLC raised its holdings in shares of Comfort Systems USA by 1.9% in the 3rd quarter. LifeGoal Investments LLC now owns 314 shares of the construction company's stock valued at $519,000 after acquiring an additional 6 shares in the last quarter. Finally, Coston McIsaac & Partners raised its holdings in shares of Comfort Systems USA by 3.0% in the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company's stock valued at $329,000 after acquiring an additional 7 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Trading Up 0.2%

Shares of FIX stock opened at $1,399.81 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $1,626.01 and a two-hundred day moving average price of $1,732.35. Comfort Systems USA, Inc. has a 12-month low of $770.47 and a 12-month high of $2,073.99. The firm has a market cap of $49.26 billion, a P/E ratio of 34.36 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 53.55% and a net margin of 12.77%. The company's revenue for the quarter was up 50.3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.53 EPS. Equities analysts anticipate that Comfort Systems USA, Inc. will post 48.79 EPS for the current fiscal year.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 16,024 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the transaction, the insider directly owned 145,065 shares of the company's stock, valued at approximately $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $6,775,680.00. Following the completion of the sale, the director owned 8,495 shares of the company's stock, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 26,078 shares of company stock worth $43,211,828 in the last quarter. 1.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Comfort Systems USA from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. DA Davidson assumed coverage on shares of Comfort Systems USA in a research report on Friday, August 21st. They set a "buy" rating and a $2,100.00 target price for the company. The Goldman Sachs Group set a $1,875.00 price target on shares of Comfort Systems USA in a research note on Tuesday. KeyCorp boosted their price target on shares of Comfort Systems USA from $2,110.00 to $2,125.00 and gave the stock an "overweight" rating in a research note on Thursday, October 15th. Finally, UBS Group reissued a "buy" rating on shares of Comfort Systems USA in a report on Tuesday, September 15th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $2,044.43.

About Comfort Systems USA

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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