NewEdge Advisors LLC Sells 1,210 Shares of Comfort Systems USA, Inc. $FIX

NewEdge Advisors LLC cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 26.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,414 shares of the construction company’s stock after selling 1,210 shares during the period. NewEdge Advisors LLC’s holdings in Comfort Systems USA were worth $4,708,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Focus Partners Wealth lifted its stake in Comfort Systems USA by 110.6% in the first quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after buying an additional 1,208 shares during the period. Sivia Capital Partners LLC grew its position in shares of Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after buying an additional 313 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth about $567,000. Sei Investments Co. increased its stake in shares of Comfort Systems USA by 69.2% in the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock valued at $23,395,000 after acquiring an additional 17,839 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Comfort Systems USA by 74.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 28,046 shares of the construction company’s stock valued at $15,039,000 after acquiring an additional 11,962 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

More Comfort Systems USA News

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

• Positive Sentiment: Zacks upgraded Comfort Systems USA to a #1 (Strong Buy) rating, citing growing optimism about the company’s earnings prospects. A separate Zacks Research update also moved the stock from “Hold” to “Strong Buy,” potentially increasing buying interest. Zacks rating upgrade article
• Positive Sentiment: Analysts are raising profit expectations. Erste Group Bank increased its FY2027 EPS estimate to $58.31 from $56.00, while broader upward earnings-estimate revisions are supporting the investment case. MarketBeat analyst estimate report
• Positive Sentiment: Growth-focused coverage remains favorable. Zacks highlighted Comfort Systems’ solid growth characteristics and described it as a potential long-term market-beating stock. The company’s latest reported quarter also showed strong momentum, with revenue up 50.3% year over year and EPS well above consensus estimates. Zacks growth stock article
• Positive Sentiment: Technical signals have improved. A recently formed hammer chart pattern suggests the stock found support after its pullback, while positive earnings revisions could help drive a near-term trend reversal. Zacks technical analysis article
• Neutral Sentiment: Comfort Systems USA is also among the most-watched stocks on Zacks, increasing visibility but not necessarily indicating a change in the company’s fundamentals. Zacks trending stock article

Analyst Ratings Changes

A number of analysts recently weighed in on FIX shares. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target on the stock. Glj Research began coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price for the company. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Oppenheimer began coverage on shares of Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. Finally, KeyCorp boosted their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Comfort Systems USA currently has an average rating of “Buy” and a consensus price target of $2,057.86.

Comfort Systems USA Trading Up 11.4%

NYSE FIX opened at $1,693.80 on Friday. The firm has a market cap of $59.60 billion, a P/E ratio of 41.66 and a beta of 1.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The stock’s 50-day moving average is $1,820.00 and its 200-day moving average is $1,590.13. Comfort Systems USA, Inc. has a one year low of $655.96 and a one year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) 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 previous year, the firm earned $6.53 EPS. Comfort Systems USA’s quarterly revenue was up 50.3% compared to the same quarter last year. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Thursday, August 13th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 7.87%.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the sale, the chief accounting officer directly owned 12,624 shares in the company, valued at $25,252,670.88. This represents a 8.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 28,778 shares of company stock valued at $56,257,229. 1.24% of the stock is owned by corporate insiders.

Comfort Systems USA Company Profile

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.