LRT Capital Management LLC Sells 4,637 Shares of Comfort Systems USA, Inc. $FIX

Key Points

• LRT Capital Management cut its stake in Comfort Systems USA (NYSE:FIX) by 72.2%, selling 4,637 shares and leaving it with 1,789 shares valued at about $1.48 million at quarter-end.
• Insiders have been net sellers: Director Darcy Anderson sold 4,500 shares (~$6.16M) and SVP Terrence Reed sold 1,116 shares (~$1.56M), with insiders offloading 37,288 shares worth ~$53.68M over the past 90 days.
• Comfort Systems posted a strong quarter — EPS $9.37 vs. $6.75 estimate and revenue of $2.65B (up 41.7% year-over-year) — and raised its quarterly dividend to $0.70, while analysts maintain an overall "Buy" consensus with an average target around $1,573.67.

LRT Capital Management LLC lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 72.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FIX. Private Client Services LLC lifted its stake in Comfort Systems USA by 624.4% during the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company's stock worth $2,254,000 after purchasing an additional 2,354 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Comfort Systems USA by 2,271.3% during the 2nd quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company's stock valued at $8,863,000 after purchasing an additional 15,831 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Comfort Systems USA by 19.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company's stock valued at $12,474,000 after purchasing an additional 2,461 shares during the last quarter. Triasima Portfolio Management inc. purchased a new position in shares of Comfort Systems USA during the 3rd quarter valued at about $2,392,000. Finally, Citigroup Inc. raised its holdings 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 buying an additional 3,202 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 4,500 shares of the business's 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 transaction, the director owned 18,035 shares in the company, valued at approximately $24,703,260.90. The trade was a 19.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Terrence Reed sold 1,116 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $1,397.33, for a total transaction of $1,559,420.28. Following the transaction, the senior vice president directly owned 2,834 shares of the company's stock, valued at approximately $3,960,033.22. This trade represents a 28.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $1,415.63 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $1,500.00. The business's 50 day simple moving average is $1,249.64 and its two-hundred day simple moving average is $1,013.52. The stock has a market capitalization of $49.79 billion, a P/E ratio of 48.98 and a beta of 1.63.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The construction company reported $9.37 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm posted $4.09 earnings per share. The business's quarterly revenue was up 41.7% compared to the same quarter last year. Analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. 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 research note on Monday, February 23rd. Zacks Research raised shares of Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 24th. Stifel Nicolaus set a $1,611.00 price objective on shares of Comfort Systems USA in a report on Monday, February 23rd. Wall Street Zen cut shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 3rd. Finally, UBS Group reaffirmed a "buy" rating and set a $1,310.00 target price on shares of Comfort Systems USA in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $1,573.67.

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.

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