Systematic Financial Management LP Decreases Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Systematic Financial Management LP lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 9.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,960 shares of the construction company's stock after selling 11,651 shares during the period. Comfort Systems USA accounts for approximately 1.3% of Systematic Financial Management LP's portfolio, making the stock its 9th largest holding. Systematic Financial Management LP owned approximately 0.33% of Comfort Systems USA worth $50,022,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after acquiring an additional 77 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock worth $36,000 after purchasing an additional 55 shares in the last quarter. Colonial Trust Co SC increased its position in shares of Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after purchasing an additional 67 shares during the last quarter. Johnson Financial Group Inc. increased its position in shares of Comfort Systems USA by 131.1% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock valued at $45,000 after purchasing an additional 59 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after buying an additional 31 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Trading Up 0.6%

Shares of NYSE:FIX traded up $2.71 during midday trading on Tuesday, hitting $472.95. 287,834 shares of the stock traded hands, compared to its average volume of 438,864. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The business's 50 day moving average is $373.54 and its two-hundred day moving average is $415.84. The stock has a market capitalization of $16.68 billion, a PE ratio of 32.37 and a beta of 1.48. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Comfort Systems USA's quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.69 EPS. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a $0.45 dividend. The ex-dividend date is Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.38%. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the sale, the insider now owns 198,046 shares of the company's stock, valued at $85,488,536.36. This trade represents a 7.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William George III sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the transaction, the chief financial officer now owns 47,473 shares in the company, valued at $22,317,532.03. This trade represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,800 shares of company stock valued at $14,642,235 over the last ninety days. Company insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. DA Davidson upped their target price on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a research note on Monday, February 24th. StockNews.com cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Stifel Nicolaus lowered their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $517.60.

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.