Vest Financial LLC Buys 10,302 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• Vest Financial increased its Comfort Systems USA stake by 183.8% in the third quarter, buying 10,302 additional shares for a total of 15,907 shares valued at approximately $26.3 million.
• Institutional investors own 96.51% of FIX, while company insiders sold 26,078 shares worth $43.2 million during the latest quarter.
• Comfort Systems USA exceeded quarterly earnings and revenue estimates, reporting $12.53 in EPS and $3.27 billion in revenue, with revenue rising 50.3% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $2,044.43.

Vest Financial LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 183.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,907 shares of the construction company's stock after acquiring an additional 10,302 shares during the period. Vest Financial LLC's holdings in Comfort Systems USA were worth $26,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FIX. Signature Equity Partners LLC lifted its holdings in shares of Comfort Systems USA by 16.7% in the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company's stock worth $48,000 after purchasing an additional 5 shares in the last quarter. Capital Advisors Inc. OK increased its stake in Comfort Systems USA by 1.9% during the 2nd quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company's stock valued at $636,000 after purchasing an additional 6 shares in the last quarter. Versant Capital Management Inc increased its stake in Comfort Systems USA by 3.4% during the 3rd quarter. Versant Capital Management Inc now owns 183 shares of the construction company's stock valued at $303,000 after purchasing an additional 6 shares in the last quarter. LifeGoal Investments LLC increased its stake in Comfort Systems USA by 1.9% during the 3rd quarter. LifeGoal Investments LLC now owns 314 shares of the construction company's stock valued at $519,000 after purchasing an additional 6 shares in the last quarter. Finally, Coston McIsaac & Partners raised its holdings in Comfort Systems USA by 3.0% during the first quarter. Coston McIsaac & Partners now owns 239 shares of the construction company's stock worth $329,000 after buying an additional 7 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Franklin Myers sold 4,000 shares of the business's stock in a transaction that occurred 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 of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Lane sold 16,024 shares of the business's stock in a transaction on 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 transaction, the insider owned 145,065 shares of the company's stock, valued at $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 26,078 shares of company stock valued at $43,211,828 in the last quarter. 1.24% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Performance

NYSE FIX opened at $1,399.81 on Thursday. The company has a market capitalization of $49.26 billion, a PE ratio of 34.43 and a beta of 1.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. Comfort Systems USA, Inc. has a 52-week low of $770.47 and a 52-week high of $2,073.99. The company has a 50-day simple moving average of $1,626.01 and a 200 day simple moving average of $1,732.35.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the company earned $6.53 earnings per share. Comfort Systems USA's revenue was up 50.3% compared to the same quarter last year. On average, research analysts predict that Comfort Systems USA, Inc. will post 48.79 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FIX shares. 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. 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. DA Davidson started coverage on shares of Comfort Systems USA in a report on Friday, August 21st. They issued a "buy" rating and a $2,100.00 target price on the stock. Erste Group Bank lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $1,875.00 price target on shares of Comfort Systems USA in a research report on Tuesday. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $2,044.43.

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.

Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.