Comfort Systems USA, Inc. $FIX Holdings Decreased by Venturi Wealth Management LLC

Key Points

• Venturi Wealth Management LLC has decreased its stake in Comfort Systems USA, Inc. by 18.5%, owning 1,935 shares valued at approximately $1,038,000 at the end of the most recent reporting period.
• Several hedge funds have increased their holdings in Comfort Systems USA, with notable increases of up to 256.0% during the first quarter.
• Comfort Systems USA reported a significant earnings beat for the last quarter, with $6.53 EPS surpassing estimates and a revenue increase of 20.1% year-over-year.

Venturi Wealth Management LLC reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 18.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,935 shares of the construction company's stock after selling 440 shares during the quarter. Venturi Wealth Management LLC's holdings in Comfort Systems USA were worth $1,038,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in Comfort Systems USA by 13.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,556 shares of the construction company's stock worth $824,000 after acquiring an additional 296 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Comfort Systems USA by 27.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock valued at $364,000 after buying an additional 239 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Comfort Systems USA by 97.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock valued at $2,377,000 after buying an additional 3,644 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Comfort Systems USA by 256.0% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock worth $658,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Spire Wealth Management lifted its holdings in Comfort Systems USA by 9.8% in the 1st quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock worth $324,000 after purchasing an additional 90 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FIX. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a report on Wednesday. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. William Blair assumed coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an "outperform" rating on the stock. DA Davidson boosted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, Zacks Research lowered Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $668.60.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at $32,879,799.80. This trade represents a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO T Mckenna Trent sold 4,400 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the transaction, the chief operating officer owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. This represents a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is owned by insiders.

Comfort Systems USA Trading Up 3.4%

NYSE FIX opened at $844.36 on Thursday. The firm has a market cap of $29.79 billion, a P/E ratio of 43.39 and a beta of 1.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The stock's 50-day moving average is $741.96 and its 200-day moving average is $556.54. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $852.31.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.Comfort Systems USA's revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.74 earnings per share. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a $0.50 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, August 14th. Comfort Systems USA's dividend payout ratio is 10.28%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.

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