Systematic Financial Management LP Sells 15,434 Shares of Comfort Systems USA, Inc. $FIX

Systematic Financial Management LP trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 23.9% in the 4th quarter, HoldingsChannel reports. The fund owned 49,050 shares of the construction company’s stock after selling 15,434 shares during the quarter. Comfort Systems USA comprises 1.1% of Systematic Financial Management LP’s investment portfolio, making the stock its 21st largest position. Systematic Financial Management LP’s holdings in Comfort Systems USA were worth $45,779,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FIX. Ameriflex Group Inc. increased its position in Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock valued at $25,000 after buying an additional 15 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after buying an additional 9 shares in the last quarter. JFS Wealth Advisors LLC increased its position in Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after buying an additional 10 shares in the last quarter. ORG Partners LLC increased its position in Comfort Systems USA by 63.0% during the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock valued at $41,000 after buying an additional 17 shares in the last quarter. Finally, Financial Life Planners acquired a new position in Comfort Systems USA during the 3rd quarter valued at about $42,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Down 0.3%

Shares of FIX stock opened at $1,829.88 on Friday. The stock’s 50-day simple moving average is $1,647.02 and its 200-day simple moving average is $1,291.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm has a market capitalization of $64.41 billion, a PE ratio of 52.80 and a beta of 1.70. Comfort Systems USA, Inc. has a fifty-two week low of $452.65 and a fifty-two week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company’s revenue was up 56.5% on a year-over-year basis. During the same period in the prior year, the company earned $4.75 earnings per share. Equities analysts expect that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be issued a $0.80 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, May 15th. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Analyst Ratings Changes

Several research analysts recently issued reports on FIX shares. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Glj Research started coverage on Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price on the stock. Stifel Nicolaus upped their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. UBS Group upped their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Finally, DA Davidson upped their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus target price of $1,923.20.

Insiders Place Their Bets

In other news, Director William J. Sandbrook sold 2,500 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the transaction, the director directly owned 9,166 shares of the company’s stock, valued at approximately $13,229,471.12. This represents a 21.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darcy Anderson sold 4,500 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the transaction, the director directly owned 18,035 shares in the company, valued at $24,703,260.90. This represents a 19.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 61,024 shares of company stock valued at $99,678,386. Insiders own 1.24% of the company’s stock.

Comfort Systems USA 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.