Capital World Investors Lowers Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Capital World Investors trimmed its stake in Comfort Systems USA (NYSE:FIX) by 19.2% in Q3, selling 427,843 shares and now owning 1,799,310 shares (about 5.10%) valued at roughly $1.485 billion.
• Comfort Systems reported strong quarterly results (EPS $9.37 vs. $6.75 expected; revenue $2.65B, up 41.7%) and Wall Street is largely bullish with a consensus Buy and an average price target of $1,573.67 (several firms raised targets, including DA Davidson to $1,800).
• Corporate insiders have been net sellers, disposing of 37,288 shares worth about $53.7 million in the past three months (notable sales by SVP Terrence Reed and Director Darcy Anderson), though insiders still own 1.59% of the stock.

Capital World Investors reduced its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 19.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,799,310 shares of the construction company's stock after selling 427,843 shares during the period. Capital World Investors owned about 5.10% of Comfort Systems USA worth $1,484,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Toth Financial Advisory Corp acquired a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $25,000. Quent Capital LLC purchased a new position in Comfort Systems USA during the third quarter worth approximately $25,000. Ameriflex Group Inc. lifted its holdings in Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock valued at $25,000 after purchasing an additional 15 shares in the last quarter. Eastern Bank acquired a new stake in Comfort Systems USA in the 3rd quarter worth about $31,000. Finally, Avion Wealth boosted its stake in shares of Comfort Systems USA by 1,800.0% in the third quarter. Avion Wealth now owns 57 shares of the construction company's stock worth $47,000 after acquiring an additional 54 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FIX shares. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 24th. DA Davidson increased their price objective on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research report on Monday, February 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Finally, UBS Group restated a "buy" rating and issued a $1,310.00 target price on shares of Comfort Systems USA in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Buy" and an average price target of $1,573.67.

Insider Transactions at Comfort Systems USA

In other news, SVP Terrence Reed sold 1,116 shares of the company's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total transaction of $1,559,420.28. Following the sale, the senior vice president owned 2,834 shares in the company, valued at $3,960,033.22. This represents a 28.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Darcy Anderson sold 4,500 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the completion of the transaction, the director owned 18,035 shares in the company, valued at approximately $24,703,260.90. This represents a 19.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 37,288 shares of company stock valued at $53,677,038. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Price Performance

FIX opened at $1,380.84 on Wednesday. The stock has a fifty day moving average of $1,216.43 and a 200-day moving average of $994.36. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,500.00. The firm has a market capitalization of $48.57 billion, a P/E ratio of 47.78 and a beta of 1.62.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping the consensus estimate of $6.75 by $2.62. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The business's quarterly revenue was up 41.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.09 EPS. Equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Friday, March 6th will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Friday, March 6th. Comfort Systems USA's payout ratio is presently 9.69%.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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