Comfort Systems USA, Inc. (NYSE:FIX) Holdings Cut by Versor Investments LP

Posted by Defense World Staff on Apr 15th, 2023

Versor Investments LP decreased its stake in Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,498 shares of the construction company’s stock after selling 394 shares during the quarter. Versor Investments LP’s holdings in Comfort Systems USA were worth $403,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. lifted its position in Comfort Systems USA by 64.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 387 shares of the construction company’s stock worth $38,000 after buying an additional 151 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Comfort Systems USA by 2,814.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock valued at $36,000 after purchasing an additional 394 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Comfort Systems USA by 190.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 435 shares of the construction company’s stock valued at $42,000 after purchasing an additional 285 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Comfort Systems USA by 34.7% during the 3rd quarter. Signaturefd LLC now owns 474 shares of the construction company’s stock valued at $46,000 after purchasing an additional 122 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Comfort Systems USA by 60.8% during the 1st quarter. Lazard Asset Management LLC now owns 857 shares of the construction company’s stock valued at $76,000 after purchasing an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $130.98 on Friday. Comfort Systems USA, Inc. has a 1 year low of $74.14 and a 1 year high of $152.13. The firm’s fifty day simple moving average is $135.60 and its 200 day simple moving average is $122.92. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.68 billion, a PE ratio of 19.21 and a beta of 1.21.

Comfort Systems USA (NYSE:FIX – Get Rating) last posted its earnings results on Wednesday, February 22nd. The construction company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.17. Comfort Systems USA had a net margin of 5.94% and a return on equity of 20.47%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the business posted $1.04 EPS. Comfort Systems USA’s revenue was up 30.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 6.35 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Friday, March 10th were paid a $0.175 dividend. The ex-dividend date of this dividend was Thursday, March 9th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 0.53%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.26%.

Analysts Set New Price Targets

FIX has been the topic of a number of recent research reports. DA Davidson raised their price target on shares of Comfort Systems USA from $135.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 24th. StockNews.com initiated coverage on shares of Comfort Systems USA in a report on Thursday, March 16th. They set a “buy” rating on the stock.

Insider Activity at Comfort Systems USA

In related news, Director Vance W. Tang sold 2,500 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $147.00, for a total value of $367,500.00. Following the transaction, the director now directly owns 26,297 shares in the company, valued at approximately $3,865,659. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Comfort Systems USA news, Director Vance W. Tang sold 2,500 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $147.00, for a total value of $367,500.00. Following the sale, the director now directly owns 26,297 shares in the company, valued at approximately $3,865,659. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Constance Ellen Skidmore sold 3,000 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $143.03, for a total transaction of $429,090.00. Following the completion of the sale, the director now owns 24,722 shares in the company, valued at $3,535,987.66. The disclosure for this sale can be found here. 2.48% of the stock is currently owned by company insiders.

Comfort Systems USA Profile

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Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates under the Mechanical and Electrical Services segments. The Mechanical Services segment includes heating, ventilation, and air conditioning, plumbing, piping, and controls, as well as off-site construction, monitoring, and fire protection.