Comfort Systems USA, Inc. $FIX Stock Position Lowered by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada cut its Comfort Systems USA position by 97.9% in the third quarter, selling 2,728 shares and retaining just 59 shares. Institutional investors still own approximately 96.51% of FIX.
• Comfort Systems USA reported strong quarterly results, with revenue rising 53.7% year over year to $3.77 billion and EPS of $13.91, beating consensus estimates. Backlog reportedly surged about 90% to $17.8 billion, supported by demand for data-center and AI infrastructure.
• Insiders sold 26,078 shares worth $43.2 million over the past three months, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $2,044.43.

TD Waterhouse Canada Inc. lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 97.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59 shares of the construction company's stock after selling 2,728 shares during the period. TD Waterhouse Canada Inc.'s holdings in Comfort Systems USA were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FIX. Simplicity Wealth LLC acquired a new stake in shares of Comfort Systems USA in the second quarter valued at approximately $601,000. New York State Teachers Retirement System grew its position in shares of Comfort Systems USA by 2.7% during the first quarter. New York State Teachers Retirement System now owns 30,665 shares of the construction company's stock worth $42,287,000 after acquiring an additional 800 shares during the last quarter. Argent Capital Management LLC increased its holdings in shares of Comfort Systems USA by 20.8% in the 1st quarter. Argent Capital Management LLC now owns 6,985 shares of the construction company's stock valued at $9,632,000 after acquiring an additional 1,202 shares during the period. IPG Investment Advisors LLC acquired a new position in shares of Comfort Systems USA in the 2nd quarter valued at $1,833,000. Finally, NewEdge Advisors LLC increased its holdings in shares of Comfort Systems USA by 30.5% in the 2nd quarter. NewEdge Advisors LLC now owns 6,476 shares of the construction company's stock valued at $12,835,000 after acquiring an additional 1,512 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO William George, III sold 2,554 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction on Tuesday, August 11th. The shares were 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 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. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,078 shares of company stock valued at $43,211,828 over the last three months. 1.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on FIX. Zacks Research downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. KeyCorp raised 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 research report on Thursday, October 15th. Weiss Ratings downgraded shares of Comfort Systems USA from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. Stifel Nicolaus set a $1,910.00 price objective on shares of Comfort Systems USA and gave the company a "buy" rating in a research note on Monday, July 27th. Finally, The Goldman Sachs Group set a $1,875.00 price objective on shares of Comfort Systems USA in a research note on Tuesday, October 20th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $2,044.43.

Comfort Systems USA Stock Down 0.2%

FIX opened at $1,158.74 on Monday. Comfort Systems USA, Inc. has a 52 week low of $841.66 and a 52 week high of $2,073.99. The business has a 50 day moving average price of $1,604.64 and a two-hundred day moving average price of $1,729.41. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.01. The company has a market cap of $40.54 billion, a PE ratio of 25.02 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share 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 the consensus estimate of $3.40 billion. During the same period last year, the business posted $8.25 EPS. The company's revenue was up 53.7% on a year-over-year basis. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 48.80 EPS for the current year.

Comfort Systems USA Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend 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 is Thursday, November 12th. Comfort Systems USA's dividend payout ratio (DPR) is currently 7.77%.

Trending Headlines about Comfort Systems USA

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, exceeding the $3.40 billion consensus estimate. Adjusted earnings of $13.91 per share also topped expectations of approximately $12.71–$12.85 and increased from $8.25 a year earlier. Comfort Systems Q3 Earnings and Revenues Beat Estimates, Backlog Surges
• Positive Sentiment: Backlog surged approximately 90% year over year to $17.8 billion, providing substantial future revenue visibility. Demand remained particularly strong for technology-related construction projects, including data-center and AI infrastructure. Comfort Systems: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Management expects modular construction capacity to reach 6 million square feet by late 2027, supporting its ability to capture continued growth in large technology and industrial projects. The board also announced a quarterly dividend increase to $1.00 per share. Comfort Systems USA Increases Quarterly Dividend

Comfort Systems USA 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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