Freedom Day Solutions LLC Sells 566 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Freedom Day Solutions LLC sold 566 shares of Comfort Systems USA, reducing its position by 6.6%, with the company's stock now comprising 1.1% of its portfolio, valued at $4.28 million.
• Comfort Systems USA's stock rating is currently a Moderate Buy, with a consensus target price of $668.60, following a variety of analysts' upgrades and downgrades.
• The company reported strong quarterly earnings of $6.53 EPS, surpassing expectations, with revenue increasing by 20.1% year-over-year to $2.17 billion.

Freedom Day Solutions LLC decreased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,988 shares of the construction company's stock after selling 566 shares during the quarter. Comfort Systems USA makes up 1.1% of Freedom Day Solutions LLC's portfolio, making the stock its 14th biggest position. Freedom Day Solutions LLC's holdings in Comfort Systems USA were worth $4,283,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC raised its holdings in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Comfort Systems USA in the second quarter worth $27,000. Stone House Investment Management LLC bought a new position in Comfort Systems USA in the first quarter worth $31,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after purchasing an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group raised its holdings in Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock worth $37,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FIX shares. Stifel Nicolaus increased their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. William Blair assumed coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an "outperform" rating on the stock. Zacks Research cut Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Finally, DA Davidson increased their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $668.60.

Comfort Systems USA Trading Down 1.1%

Comfort Systems USA stock opened at $835.28 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $852.31. The stock has a market capitalization of $29.47 billion, a PE ratio of 42.92 and a beta of 1.58. The business's fifty day moving average is $744.60 and its 200 day moving average is $559.68.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.97 billion. During the same period last year, the firm posted $3.74 earnings per share. Comfort Systems USA's revenue was up 20.1% compared to the same quarter last year. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's payout ratio is 10.28%.

Insiders Place Their Bets

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer directly owned 47,473 shares of the company's stock, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 1,078 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the transaction, the director directly owned 6,500 shares in the company, valued at $4,523,220. The trade was a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.

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