Comfort Systems USA, Inc. $FIX Stake Cut by Geneva Partners LLC

Key Points

• Geneva Partners LLC cut its Comfort Systems USA stake by 59.6% in the third quarter, selling 2,572 shares and retaining 1,743 shares worth approximately $2.88 million. Institutional investors and hedge funds collectively own 96.51% of the stock.
• Comfort Systems USA reported strong third-quarter results, with revenue up 53.7% year over year to $3.77 billion and adjusted EPS of $13.91, beating the $12.85 consensus estimate. Backlog reached a record $17.81 billion, although declining gross margins raised execution concerns.
• Insiders sold 26,078 shares worth $43.2 million over the past three months, while the company reduced its quarterly dividend to $0.10 per share from $0.90. Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $1,916.14.

Geneva Partners LLC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 59.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,743 shares of the construction company's stock after selling 2,572 shares during the quarter. Geneva Partners LLC's holdings in Comfort Systems USA were worth $2,884,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FIX. Westover Capital Advisors LLC lifted its position in shares of Comfort Systems USA by 8.9% in the 3rd quarter. Westover Capital Advisors LLC now owns 719 shares of the construction company's stock worth $1,189,000 after buying an additional 59 shares during the last quarter. Peterson Wealth Services boosted its holdings in shares of Comfort Systems USA by 0.5% in the 3rd quarter. Peterson Wealth Services now owns 16,181 shares of the construction company's stock valued at $26,765,000 after buying an additional 87 shares during the period. Dedeker Financial LLC boosted its holdings in shares of Comfort Systems USA by 1.0% in the 3rd quarter. Dedeker Financial LLC now owns 2,407 shares of the construction company's stock valued at $3,981,000 after buying an additional 24 shares during the period. Radnor Capital Management LLC bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $248,000. Finally, Citizens Financial Group Inc. RI grew its position in shares of Comfort Systems USA by 40.3% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,813 shares of the construction company's stock valued at $2,999,000 after buying an additional 521 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Comfort Systems USA

In other news, 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 transaction, the director directly owned 8,495 shares in the company, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. 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 stock was sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer directly owned 30,250 shares of the company's stock, valued at $56,254,412.50. This trade represents a 7.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 26,078 shares of company stock worth $43,211,828. Company insiders own 1.24% of the company's stock.

Comfort Systems USA News Roundup

Here are the key news stories impacting Comfort Systems USA this week:

• Positive Sentiment: Third-quarter revenue rose 53.7% year over year to $3.77 billion, while adjusted earnings of $13.91 per share exceeded the $12.85 consensus estimate. Comfort Systems USA reports third-quarter results
• Positive Sentiment: Backlog reached a record $17.81 billion, approximately 90% above the prior-year level. Management highlighted sustained demand from technology projects and modular expansion, supporting an optimistic organic-growth outlook for 2027. FIX Q3 earnings call highlights
• Positive Sentiment: Goldman Sachs raised its price target to $1,895 from $1,875. Oppenheimer and KeyCorp maintained bullish ratings, with “outperform” and “overweight” views, respectively, despite lowering their targets. Goldman Sachs price-target update
• Neutral Sentiment: DA Davidson reduced its target to $1,850 from $2,100, while Oppenheimer cut its target to $2,000 from $2,400 and KeyCorp lowered its target to $1,979 from $2,125. The firms nevertheless retained positive ratings, indicating reduced valuation assumptions rather than a deterioration in their overall outlook. DA Davidson price-target update
• Negative Sentiment: Gross margin declined from the previous quarter, raising concerns about execution and the sustainability of profitability as Comfort Systems expands. Analysts and investors also viewed the 2027 outlook as lacking detail, contributing to the earlier sell-off. Comfort Systems earnings outlook

Comfort Systems USA Trading Up 7.1%

Shares of NYSE:FIX opened at $1,243.72 on Tuesday. The company has a market cap of $43.52 billion, a PE ratio of 26.85 and a beta of 1.66. The company's 50-day moving average price is $1,607.88 and its 200 day moving average price is $1,590.44. Comfort Systems USA, Inc. has a fifty-two week low of $841.66 and a fifty-two week high of $2,073.99. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.85 by $1.06. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.40 billion. During the same period in the previous year, the business posted $8.25 EPS. Comfort Systems USA's revenue was up 53.7% on a year-over-year basis. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 48.80 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. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend 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 dividend payout ratio is presently 7.77%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FIX. Zacks Research lowered shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. KeyCorp decreased their target price 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. The Goldman Sachs Group set a $1,875.00 target price on Comfort Systems USA in a report on Tuesday, October 20th. DA Davidson set a $1,850.00 price target on Comfort Systems USA in a research report on Monday. Finally, Oppenheimer cut their price target on Comfort Systems USA from $2,400.00 to $2,000.00 and set an "outperform" rating on the stock in a report on Monday. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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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