Comfort Systems USA, Inc. $FIX Stock Sold by Krilogy Financial LLC

Key Points

• Krilogy Financial LLC cut its Comfort Systems USA stake by 26.5% in the third quarter, selling 998 shares and retaining 2,761 shares valued at $4.52 million. Institutional investors and hedge funds collectively own 96.51% of the company.
• Comfort Systems USA reported strong quarterly results, with EPS of $12.53 exceeding estimates of $10.45 and revenue rising 50.3% year over year to $3.27 billion. The company also increased its quarterly dividend to $0.90 per share.
• Analysts maintain a favorable outlook, with eight Buy ratings and two Holds, a “Moderate Buy” consensus, and an average price target of $2,082.86. However, company insiders sold 26,078 shares worth approximately $43.2 million over the prior 90 days.

Krilogy Financial LLC decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 26.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,761 shares of the construction company's stock after selling 998 shares during the quarter. Krilogy Financial LLC's holdings in Comfort Systems USA were worth $4,523,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp purchased a new position in Comfort Systems USA during the 2nd quarter worth $26,000. Avalon Trust Co acquired a new position in Comfort Systems USA in the second quarter valued at $32,000. Field & Main Bank purchased a new stake in shares of Comfort Systems USA in the second quarter valued at about $32,000. Carolina Wealth Advisors LLC raised its holdings in shares of 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 buying an additional 7 shares during the last quarter. Finally, Glynn Capital Management LLC boosted its stake in shares of Comfort Systems USA by 58.3% during the third quarter. Glynn Capital Management LLC now owns 19 shares of the construction company's stock worth $31,000 after buying an additional 7 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

Shares of FIX opened at $1,538.84 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The stock has a market capitalization of $54.15 billion, a P/E ratio of 37.85 and a beta of 1.66. The company's fifty day moving average is $1,652.73 and its two-hundred day moving average is $1,730.07. Comfort Systems USA, Inc. has a 1 year low of $770.47 and a 1 year high of $2,073.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping analysts' consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $6.53 EPS. Comfort Systems USA's quarterly revenue was up 50.3% on a year-over-year basis. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 48.15 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date was Thursday, August 13th. Comfort Systems USA's dividend payout ratio (DPR) is presently 8.85%.

Wall Street Analyst Weigh In

FIX has been the topic of a number of research reports. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA and gave the stock a "buy" rating in a report on Monday, July 27th. KeyCorp upped their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a research note on Monday, July 27th. DA Davidson initiated coverage on Comfort Systems USA in a research report on Friday, August 21st. They set a "buy" rating and a $2,100.00 price objective for the company. Weiss Ratings upgraded Comfort Systems USA from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Finally, The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research note on Thursday, July 9th. They issued a "buy" rating and a $2,159.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and two have issued 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 $2,082.86.

Insider Transactions at Comfort Systems USA

In related news, insider Brian Lane sold 16,024 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 145,065 shares of the company's stock, valued at $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Franklin Myers sold 4,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 8,495 shares of the company's stock, valued at $14,389,850.40. This represents a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,078 shares of company stock worth $43,211,828 over the last ninety days. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Profile

Comfort Systems USA, Inc NYSE: FIX provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company's services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.

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