Comfort Systems USA, Inc. $FIX Stock: Diversify Advisory Services LLC Cuts Holdings

Key Points

• Diversify Advisory Services LLC cut its Comfort Systems USA stake by 27% in the third quarter, selling 1,210 shares and retaining 3,278 shares valued at $5.42 million.
• Institutional ownership remains high at 96.51%, while several major funds—including Amundi, Dimensional Fund Advisors and Arrowstreet Capital—expanded their positions.
• Comfort Systems USA beat quarterly earnings and revenue estimates, with revenue up 50.3% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $2,044.43, though insiders have sold more than $43 million in stock over the past 90 days.

Diversify Advisory Services LLC lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 27.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,278 shares of the construction company's stock after selling 1,210 shares during the quarter. Diversify Advisory Services LLC's holdings in Comfort Systems USA were worth $5,422,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FIX. BlackRock Inc. purchased a new stake in shares of Comfort Systems USA in the second quarter valued at $6,734,037,000. Amundi lifted its position in Comfort Systems USA by 114.1% during the second quarter. Amundi now owns 292,904 shares of the construction company's stock worth $580,521,000 after buying an additional 156,069 shares during the period. Dimensional Fund Advisors LP lifted its position in Comfort Systems USA by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 279,947 shares of the construction company's stock worth $385,800,000 after buying an additional 14,423 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Comfort Systems USA by 12.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 252,979 shares of the construction company's stock worth $348,856,000 after buying an additional 28,712 shares during the period. Finally, Value Aligned Research Advisors LLC lifted its position in Comfort Systems USA by 14.0% during the second quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company's stock worth $482,817,000 after buying an additional 29,970 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Up 0.2%

Shares of NYSE FIX opened at $1,399.81 on Thursday. The stock has a market capitalization of $49.26 billion, a PE ratio of 34.43 and a beta of 1.66. 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 firm has a fifty day moving average of $1,626.01 and a 200-day moving average of $1,732.35. Comfort Systems USA, Inc. has a 52-week low of $770.47 and a 52-week high of $2,073.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the company posted $6.53 EPS. The business's quarterly revenue was up 50.3% on a year-over-year basis. On average, analysts anticipate that Comfort Systems USA, Inc. will post 48.79 EPS for the current year.

Insider Buying and Selling at Comfort Systems USA

In other news, insider Brian E. Lane sold 16,024 shares of the firm's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the transaction, the insider directly owned 145,065 shares in the company, valued at $233,294,983.65. This trade represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Franklin Myers sold 4,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the transaction, the director owned 8,495 shares in the company, valued at approximately $14,389,850.40. This trade represents a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 26,078 shares of company stock valued at $43,211,828. Company insiders own 1.24% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on FIX shares. Erste Group Bank lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. DA Davidson initiated coverage on shares of Comfort Systems USA in a research note on Friday, August 21st. They set a "buy" rating and a $2,100.00 price objective for the company. KeyCorp increased their price objective on shares of Comfort Systems USA from $2,110.00 to $2,125.00 and gave the stock an "overweight" rating in a report on Thursday, October 15th. The Goldman Sachs Group set a $1,875.00 price objective on shares of Comfort Systems USA in a report on Tuesday. Finally, Stifel Nicolaus set a $1,910.00 target price on shares of Comfort Systems USA and gave the stock a "buy" rating in a research report on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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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