Comfort Systems USA, Inc. $FIX Shares Acquired by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 15.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,560 shares of the construction company’s stock after buying an additional 337 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Comfort Systems USA were worth $4,234,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FIX. BlackRock Inc. bought a new position in shares of Comfort Systems USA during the second quarter valued at approximately $6,734,037,000. Amundi boosted its holdings in Comfort Systems USA by 114.1% in the second quarter. Amundi now owns 292,904 shares of the construction company’s stock valued at $580,521,000 after acquiring an additional 156,069 shares in the last quarter. Value Aligned Research Advisors LLC boosted its holdings in Comfort Systems USA by 14.0% in the second quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock valued at $482,817,000 after acquiring an additional 29,970 shares in the last quarter. Deutsche Bank AG purchased a new position in Comfort Systems USA during the 2nd quarter valued at $443,751,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Comfort Systems USA by 38.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 201,945 shares of the construction company’s stock valued at $400,245,000 after purchasing an additional 55,938 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Down 5.4%

FIX traded down $87.80 during midday trading on Wednesday, reaching $1,538.84. The company’s stock had a trading volume of 449,958 shares, compared to its average volume of 430,744. The firm has a market capitalization of $54.15 billion, a price-to-earnings ratio of 37.85 and a beta of 1.66. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 1 year low of $770.47 and a 1 year high of $2,073.99. The stock’s 50-day moving average is $1,656.76 and its 200-day moving average is $1,728.79.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results 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 firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the company earned $6.53 earnings per share. The company’s revenue was up 50.3% on a year-over-year basis. As a group, research analysts expect that Comfort Systems USA, Inc. will post 48.15 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were issued a $0.90 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is 8.85%.

Insider Buying and Selling

In other news, CFO William George, III sold 2,554 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares in the company, valued at $56,254,412.50. This trade represents a 7.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Franklin Myers sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the transaction, the director owned 8,495 shares of the company’s stock, valued at $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,078 shares of company stock valued at $43,211,828. 1.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FIX. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. DA Davidson initiated coverage on shares of Comfort Systems USA in a research note on Friday, August 21st. They set a “buy” rating and a $2,100.00 target price on the stock. Weiss Ratings upgraded shares of Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. 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 research report on Monday, July 27th. Finally, The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target for the company. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average target price of $2,082.86.

Comfort Systems USA Company 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.