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

Systematic Financial Management LP lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 10.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 129,611 shares of the construction company's stock after selling 15,234 shares during the period. Comfort Systems USA accounts for approximately 1.3% of Systematic Financial Management LP's portfolio, making the stock its 8th largest holding. Systematic Financial Management LP owned 0.36% of Comfort Systems USA worth $50,594,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FIX. Hollencrest Capital Management bought a new stake in Comfort Systems USA during the third quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Comfort Systems USA during the third quarter worth about $38,000. Opal Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA during the second quarter worth about $41,000. V Square Quantitative Management LLC increased its position in shares of Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company's stock worth $49,000 after purchasing an additional 47 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in Comfort Systems USA in the third quarter valued at approximately $53,000. 96.51% of the stock is owned by institutional investors.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 2,700 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the transaction, the director now owns 5,498 shares of the company's stock, valued at approximately $2,144,220. This represents a 32.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Franklin Myers sold 12,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the sale, the chairman now directly owns 106,498 shares in the company, valued at $41,553,389.64. This represents a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,200 shares of company stock worth $15,431,250 over the last quarter. Corporate insiders own 1.80% of the company's stock.

Comfort Systems USA Trading Down 0.3 %

FIX traded down $1.27 during trading on Thursday, hitting $499.71. 130,194 shares of the stock traded hands, compared to its average volume of 379,974. The firm has a 50-day moving average of $432.56 and a 200 day moving average of $362.45. Comfort Systems USA, Inc. has a 12-month low of $186.37 and a 12-month high of $510.79. The firm has a market capitalization of $17.78 billion, a P/E ratio of 38.34 and a beta of 1.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the firm earned $2.74 earnings per share. Comfort Systems USA's quarterly revenue was up 31.5% on a year-over-year basis. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.35 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date was Thursday, November 14th. This represents a $1.40 dividend on an annualized basis and a yield of 0.28%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.71%.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIX. Northcoast Research began coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a "buy" rating and a $525.00 price target on the stock. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Stifel Nicolaus initiated coverage on Comfort Systems USA in a report on Friday, November 15th. They issued a "buy" rating and a $524.00 price objective for the company. Finally, UBS Group upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $396.00 to $525.00 in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $481.00.

Comfort Systems USA Company 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.