Comfort Systems USA, Inc. $FIX Shares Sold by Systematic Financial Management LP

Key Points

• Systematic Financial Management LP reduced its stake in Comfort Systems USA, Inc. by 20.2% during the first quarter, owning approximately 0.27% of the company, valued at $30.4 million after selling 23,771 shares.
• Insider trading activity revealed CAO Julie Shaeff and insider Brian E. Lane sold shares totaling over $7.88 million, reducing their respective holdings in the company.
• Comfort Systems USA recently declared a quarterly dividend increase from $0.45 to $0.50 per share, marking a positive change in the company’s shareholder returns.

Systematic Financial Management LP lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 20.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,189 shares of the construction company's stock after selling 23,771 shares during the period. Systematic Financial Management LP owned about 0.27% of Comfort Systems USA worth $30,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in shares of Comfort Systems USA by 9.2% during the fourth quarter. NewEdge Advisors LLC now owns 2,419 shares of the construction company's stock worth $1,025,000 after purchasing an additional 203 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Comfort Systems USA by 26.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,011 shares of the construction company's stock worth $853,000 after purchasing an additional 423 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Comfort Systems USA by 31.1% during the fourth quarter. Hsbc Holdings PLC now owns 12,335 shares of the construction company's stock worth $5,255,000 after purchasing an additional 2,929 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Comfort Systems USA during the fourth quarter worth $643,000. Finally, Pinebridge Investments L.P. lifted its stake in shares of Comfort Systems USA by 110.1% in the 4th quarter. Pinebridge Investments L.P. now owns 15,789 shares of the construction company's stock valued at $6,695,000 after purchasing an additional 8,274 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Activity

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total transaction of $964,460.50. Following the completion of the sale, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at approximately $11,288,203.50. This trade represents a 7.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 8,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the sale, the director directly owned 26,535 shares of the company's stock, valued at $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,283 shares of company stock worth $21,682,525 over the last ninety days. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Stock Performance

NYSE:FIX traded up $4.52 during mid-day trading on Wednesday, reaching $711.91. 388,088 shares of the stock were exchanged, compared to its average volume of 468,128. The company has a 50 day simple moving average of $606.28 and a 200-day simple moving average of $470.19. The stock has a market capitalization of $25.12 billion, a P/E ratio of 36.58 and a beta of 1.49. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $733.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The firm's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.74 EPS. Analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. DA Davidson upped their price target on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. Finally, Stifel Nicolaus upped their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Comfort Systems USA has a consensus rating of "Buy" and a consensus price target of $635.60.

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.