Comfort Systems USA, Inc. $FIX Shares Sold by Prosperitas Financial LLC

Prosperitas Financial LLC reduced its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 30.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,995 shares of the construction company's stock after selling 1,766 shares during the quarter. Comfort Systems USA makes up about 2.0% of Prosperitas Financial LLC's portfolio, making the stock its 16th largest holding. Prosperitas Financial LLC's holdings in Comfort Systems USA were worth $6,608,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in shares of Comfort Systems USA during the second quarter worth $26,000. Avalon Trust Co bought a new stake in shares of Comfort Systems USA in the second quarter worth $32,000. Field & Main Bank bought a new stake in shares of Comfort Systems USA in the second quarter worth $32,000. Carolina Wealth Advisors LLC increased its holdings in Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company's stock valued at $36,000 after purchasing an additional 7 shares during the period. Finally, Glynn Capital Management LLC increased its holdings in Comfort Systems USA by 58.3% in the third quarter. Glynn Capital Management LLC now owns 19 shares of the construction company's stock valued at $31,000 after purchasing an additional 7 shares during the period. Institutional investors own 96.51% of the company's stock.

Insiders Place Their Bets

In other news, CFO William George, III sold 2,554 shares of Comfort Systems USA stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the sale, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. The trade was a 7.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 16,024 shares of the business's stock in a transaction 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 owned 145,065 shares in the company, valued at $233,294,983.65. The trade was a 9.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 26,078 shares of company stock worth $43,211,828. Corporate insiders own 1.24% of the company's stock.

Comfort Systems USA Stock Down 7.4%

Shares of NYSE:FIX opened at $1,227.74 on Friday. The company has a market capitalization of $42.96 billion, a price-to-earnings ratio of 26.51 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.13. The business's 50-day moving average is $1,561.25 and its 200-day moving average is $1,597.15. Comfort Systems USA, Inc. has a 1 year low of $841.66 and a 1 year high of $2,073.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, beating 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 company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same quarter in the prior year, the company earned $8.25 EPS. The firm's revenue for the quarter was up 53.7% compared to the same quarter last year. Equities research analysts predict that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current year.

Comfort Systems USA Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.0%. This is a drop from Comfort Systems USA's previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, November 12th. Comfort Systems USA's payout ratio is presently 7.77%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Weiss Ratings lowered Comfort Systems USA from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 23rd. The Goldman Sachs Group set a $1,875.00 price target on Comfort Systems USA in a research report on Tuesday, October 20th. Stifel Nicolaus set a $1,808.00 price target on Comfort Systems USA in a research note on Monday. KeyCorp decreased their price target on Comfort Systems USA from $2,125.00 to $1,979.00 and set an "overweight" rating for the company in a research note on Monday, October 26th. Finally, UBS Group lowered their price objective on Comfort Systems USA from $2,225.00 to $1,900.00 and set a "buy" rating for the company in a research report on Monday. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,916.14.

Comfort Systems USA Company 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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