Comfort Systems USA, Inc. (NYSE:FIX) Stock Position Cut by Systematic Financial Management LP

Systematic Financial Management LP lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 18.4% during the 2nd quarter, Holdings Channel reports. The firm owned 144,845 shares of the construction company’s stock after selling 32,590 shares during the period. Comfort Systems USA makes up about 1.3% of Systematic Financial Management LP’s holdings, making the stock its 7th biggest position. Systematic Financial Management LP’s holdings in Comfort Systems USA were worth $44,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FIX. Capital World Investors lifted its holdings in Comfort Systems USA by 26.6% during the 1st quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after buying an additional 451,852 shares in the last quarter. Millennium Management LLC boosted its holdings in Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after purchasing an additional 283,416 shares during the period. Westfield Capital Management Co. LP grew its stake in Comfort Systems USA by 56.4% during the 1st quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock worth $211,924,000 after purchasing an additional 240,466 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in Comfort Systems USA in the 4th quarter valued at about $30,151,000. Finally, Blackstone Inc. purchased a new position in shares of Comfort Systems USA in the 1st quarter valued at about $41,302,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $390.07 on Friday. The company has a market cap of $13.93 billion, a P/E ratio of 38.62 and a beta of 1.13. The firm has a fifty day moving average price of $334.56 and a 200 day moving average price of $322.47. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05. Comfort Systems USA, Inc. has a 12 month low of $151.89 and a 12 month high of $403.07.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $3.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.14 by $0.60. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period in the prior year, the firm posted $1.93 EPS. The business’s quarterly revenue was up 39.6% compared to the same quarter last year. Sell-side analysts predict that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current fiscal year.

Comfort Systems USA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Monday, August 12th. Comfort Systems USA’s payout ratio is 11.88%.

Insider Transactions at Comfort Systems USA

In related news, Director Darcy Anderson sold 3,546 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the completion of the sale, the director now directly owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO William George III sold 5,845 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $332.16, for a total transaction of $1,941,475.20. Following the completion of the sale, the chief financial officer now owns 55,099 shares in the company, valued at approximately $18,301,683.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the transaction, the director now owns 37,193 shares in the company, valued at $12,503,914.67. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,391 shares of company stock worth $8,076,855. Corporate insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.