Kennedy Capital Management LLC Decreases Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Kennedy Capital Management LLC lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 33.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,473 shares of the construction company’s stock after selling 12,167 shares during the period. Kennedy Capital Management LLC owned 0.07% of Comfort Systems USA worth $7,775,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in Comfort Systems USA during the first quarter worth about $25,000. Byrne Asset Management LLC acquired a new stake in Comfort Systems USA during the fourth quarter worth $26,000. Rise Advisors LLC purchased a new stake in Comfort Systems USA in the first quarter valued at $44,000. GAMMA Investing LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at $61,000. Finally, Spire Wealth Management purchased a new position in shares of Comfort Systems USA during the 4th quarter worth $61,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 5.8 %

Shares of FIX traded up $17.72 during midday trading on Wednesday, hitting $323.41. 71,306 shares of the stock were exchanged, compared to its average volume of 410,670. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00. The firm has a market cap of $11.54 billion, a P/E ratio of 32.27 and a beta of 1.15. Comfort Systems USA, Inc. has a 52-week low of $151.89 and a 52-week high of $352.45. The stock has a fifty day simple moving average of $315.66 and a 200 day simple moving average of $296.08.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.60. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm earned $1.93 earnings per share. The business’s revenue for the quarter was up 39.6% compared to the same quarter last year. On average, research analysts anticipate that Comfort Systems USA, Inc. will post 12.24 EPS for the current fiscal year.

Comfort Systems USA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Monday, August 12th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.37%. Comfort Systems USA’s dividend payout ratio is presently 11.88%.

Insiders Place Their Bets

In other news, Director Vance W. Tang sold 3,473 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total value of $1,076,630.00. Following the sale, the director now directly owns 8,198 shares in the company, valued at $2,541,380. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Comfort Systems USA news, Director Darcy Anderson sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total value of $1,207,150.00. Following the sale, the director now directly owns 40,241 shares of the company’s stock, valued at approximately $13,879,120.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Vance W. Tang sold 3,473 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $310.00, for a total value of $1,076,630.00. Following the completion of the transaction, the director now owns 8,198 shares in the company, valued at approximately $2,541,380. The disclosure for this sale can be found here. Insiders sold a total of 7,961 shares of company stock worth $2,622,664 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

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.