Systematic Financial Management LP Has $41.62 Million Holdings in Comfort Systems USA, Inc. $FIX

Systematic Financial Management LP trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 38.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,179 shares of the construction company’s stock after selling 18,871 shares during the quarter. Comfort Systems USA accounts for 1.0% of Systematic Financial Management LP’s portfolio, making the stock its 27th largest holding. Systematic Financial Management LP’s holdings in Comfort Systems USA were worth $41,619,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FIX. Gibbs Wealth Management grew its stake in shares of Comfort Systems USA by 56.4% in the first quarter. Gibbs Wealth Management now owns 563 shares of the construction company’s stock worth $776,000 after acquiring an additional 203 shares during the last quarter. Sei Investments Co. raised its stake in Comfort Systems USA by 30.6% during the 1st quarter. Sei Investments Co. now owns 70,746 shares of the construction company’s stock valued at $97,559,000 after purchasing an additional 16,592 shares during the last quarter. Lido Advisors LLC raised its stake in Comfort Systems USA by 17.1% during the 1st quarter. Lido Advisors LLC now owns 906 shares of the construction company’s stock valued at $1,250,000 after purchasing an additional 132 shares during the last quarter. Globeflex Capital L P boosted its holdings in Comfort Systems USA by 3.6% in the 1st quarter. Globeflex Capital L P now owns 4,938 shares of the construction company’s stock valued at $6,809,000 after purchasing an additional 173 shares during the period. Finally, Signature Equity Partners LLC boosted its holdings in Comfort Systems USA by 16.7% in the 1st quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after purchasing an additional 5 shares during the period. 96.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 11,113 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the completion of the transaction, the insider owned 161,089 shares in the company, valued at $317,319,555.76. This trade represents a 6.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Franklin Myers sold 6,700 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the transaction, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This trade represents a 9.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 30,778 shares of company stock worth $59,746,124 in the last 90 days. 1.24% of the stock is owned by corporate insiders.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $1,830.08 on Friday. 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’s 50-day simple moving average is $1,841.07 and its 200-day simple moving average is $1,567.54. Comfort Systems USA, Inc. has a twelve month low of $543.24 and a twelve month high of $2,073.99. The firm has a market cap of $64.42 billion, a P/E ratio of 52.80 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.53 earnings per share. As a group, research analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be paid a $0.90 dividend. The ex-dividend date is Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group raised their price target on shares of Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target on the stock in a research note on Friday, April 24th. Finally, The Goldman Sachs Group started coverage on Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $2,015.43.

Comfort Systems USA Company 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.