Allworth Financial LP Sells 1,283 Shares of Comfort Systems USA, Inc. $FIX

Allworth Financial LP lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 26.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,540 shares of the construction company’s stock after selling 1,283 shares during the quarter. Allworth Financial LP’s holdings in Comfort Systems USA were worth $2,921,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Toth Financial Advisory Corp bought a new stake in Comfort Systems USA in the 3rd quarter worth approximately $25,000. Quent Capital LLC bought a new position in shares of Comfort Systems USA during the 3rd quarter valued at $25,000. Ameriflex Group Inc. boosted its stake in shares of Comfort Systems USA by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares during the last quarter. Eastern Bank purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth $31,000. Finally, Financial Life Planners bought a new stake in shares of Comfort Systems USA in the third quarter worth $42,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA News Roundup

Here are the key news stories impacting Comfort Systems USA this week:

• Positive Sentiment: Company reported a stronger-than-expected backlog and improved returns on capital, which analysts say justified recent gains and underpins longer‑term revenue visibility. Why Comfort Systems USA (FIX) Is Up 5.2% After Strong Backlog And Higher Returns On Capital
• Positive Sentiment: Ongoing demand for data‑center cooling and HVAC services is cited as a durable growth driver for Comfort Systems’ service and project backlog, supporting elevated revenue expectations. Data Center Cooling Provider Sees Ongoing Demand. Shares Are Near A High.
• Positive Sentiment: Zacks upgraded FIX to a Zacks Rank #1 (Strong Buy), which can attract additional buy-side interest and supports near-term analyst-driven flows. Comfort Systems (FIX) Upgraded to Strong Buy: What Does It Mean for the Stock?
• Positive Sentiment: Consensus analyst coverage remains mostly bullish (Buy/Strong Buy majority), which supports investor confidence in the company’s strategy and valuation over the medium term. Comfort Systems USA, Inc. (NYSE:FIX) Receives Average Rating of “Buy” from Analysts
• Neutral Sentiment: Coverage pieces reminding investors about analyst recommendations and fundamentals can increase trading volume and volatility without changing the underlying story. Brokers Suggest Investing in Comfort Systems (FIX): Read This Before Placing a Bet
• Negative Sentiment: Short-term pullback appears linked to profit-taking after the recent run-up and visible insider selling (multiple Form 4s), which increases perceived near-term supply and can pressure the stock. Comfort Systems USA shares slide 4.2% amid profit-taking after strong run-up and recent insider sales

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $1,360.72 on Friday. The stock has a market cap of $47.86 billion, a PE ratio of 47.08 and a beta of 1.63. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,500.00. The firm has a fifty day moving average price of $1,281.72 and a 200-day moving average price of $1,031.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. Comfort Systems USA had a net margin of 11.23% and a return on equity of 48.52%. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the company earned $4.09 EPS. Comfort Systems USA’s revenue for the quarter was up 41.7% on a year-over-year basis. Equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were given a dividend of $0.70 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, March 6th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 9.69%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of research reports. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a research report on Monday, February 23rd. DA Davidson increased their price objective on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and an average price target of $1,573.67.

Insider Activity

In related news, CFO William George III sold 9,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the completion of the transaction, the chief financial officer directly owned 37,824 shares of the company’s stock, valued at approximately $54,276,305.28. This trade represents a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Darcy Anderson sold 4,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the sale, the director directly owned 18,035 shares in the company, valued at $24,703,260.90. This trade represents a 19.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,288 shares of company stock valued at $53,677,038 in the last quarter. Company insiders own 1.59% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.