CIBC Private Wealth Group LLC Decreases Holdings in Comfort Systems USA, Inc. $FIX

CIBC Private Wealth Group LLC cut its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 21.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,131 shares of the construction company’s stock after selling 2,469 shares during the period. CIBC Private Wealth Group LLC’s holdings in Comfort Systems USA were worth $7,534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp acquired a new position in Comfort Systems USA in the 3rd quarter worth approximately $25,000. Quent Capital LLC acquired a new stake in shares of Comfort Systems USA in the third quarter worth $25,000. Ameriflex Group Inc. raised its holdings in shares of Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares during the last quarter. Eastern Bank acquired a new position in Comfort Systems USA during the third quarter valued at $31,000. Finally, Financial Life Planners acquired a new position in Comfort Systems USA during the third quarter valued at $42,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 9,365 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the transaction, the insider directly owned 171,523 shares of the company’s stock, valued at $249,243,501.76. This trade represents a 5.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the transaction, the director owned 73,995 shares in the company, valued at approximately $108,962,077.20. This represents a 10.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 37,288 shares of company stock valued at $53,677,038. Corporate insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 24th. Stifel Nicolaus set a $1,611.00 price objective on Comfort Systems USA in a research report on Monday, February 23rd. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. DA Davidson lifted their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $1,573.67.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $1,360.72 on Friday. 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, Inc. has a 1 year low of $276.44 and a 1 year high of $1,500.00. The firm has a market capitalization of $47.86 billion, a PE ratio of 47.08 and a beta of 1.63. The business’s 50 day moving average price is $1,281.72 and its 200-day moving average price is $1,028.93.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, beating the consensus estimate of $6.75 by $2.62. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The firm’s revenue was up 41.7% compared to the same quarter last year. During the same period in the prior year, the company earned $4.09 EPS. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Key Stories Impacting Comfort Systems USA

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

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.