LRT Capital Management LLC Trims Position in Comfort Systems USA, Inc. $FIX

LRT Capital Management LLC lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 72.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,789 shares of the construction company’s stock after selling 4,637 shares during the quarter. LRT Capital Management LLC’s holdings in Comfort Systems USA were worth $1,476,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Client Services LLC increased its position in Comfort Systems USA by 624.4% during the 3rd quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after purchasing an additional 2,354 shares during the period. Brown Advisory Inc. lifted its position in shares of Comfort Systems USA by 2,271.3% in the 2nd quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock worth $8,863,000 after purchasing an additional 15,831 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Comfort Systems USA by 19.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock worth $12,474,000 after purchasing an additional 2,461 shares during the period. Triasima Portfolio Management inc. bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $2,392,000. Finally, Citigroup Inc. boosted its stake in shares of Comfort Systems USA by 29.5% during the 3rd quarter. Citigroup Inc. now owns 14,074 shares of the construction company’s stock valued at $11,614,000 after purchasing an additional 3,202 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FIX shares. UBS Group reiterated a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. DA Davidson upped their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $1,573.67.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 9,365 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the completion of the transaction, the insider directly owned 171,523 shares in the company, valued at $249,243,501.76. This trade represents a 5.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Darcy Anderson sold 4,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, March 3rd. The stock was 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 of the company’s stock, valued at approximately $24,703,260.90. This represents a 19.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 37,288 shares of company stock valued at $53,677,038. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Price Performance

FIX stock opened at $1,415.63 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.19 and a current ratio of 1.21. The firm has a 50 day moving average price of $1,249.64 and a 200-day moving average price of $1,013.52. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,500.00. The firm has a market capitalization of $49.79 billion, a price-to-earnings ratio of 48.98 and a beta of 1.63.

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

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th will be paid a $0.70 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, March 6th. Comfort Systems USA’s payout ratio is currently 9.69%.

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.