Lisanti Capital Growth LLC Cuts Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Lisanti Capital Growth LLC decreased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 62.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,105 shares of the construction company’s stock after selling 39,460 shares during the period. Lisanti Capital Growth LLC’s holdings in Comfort Systems USA were worth $4,958,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FIX. Private Advisor Group LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $297,000. Spire Wealth Management bought a new position in Comfort Systems USA in the 4th quarter valued at $61,000. Amalgamated Bank increased its position in shares of Comfort Systems USA by 42.4% during the 4th quarter. Amalgamated Bank now owns 22,702 shares of the construction company’s stock valued at $4,669,000 after purchasing an additional 6,756 shares during the last quarter. Heritage Wealth Management LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter worth $246,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Comfort Systems USA by 1.3% in the 4th quarter. Victory Capital Management Inc. now owns 117,010 shares of the construction company’s stock worth $24,065,000 after buying an additional 1,448 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In related news, COO T Mckenna Trent sold 14,185 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the sale, the chief operating officer now owns 22,644 shares of the company’s stock, valued at approximately $6,307,486.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO William George III sold 8,429 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the transaction, the chief financial officer now directly owns 62,471 shares in the company, valued at $17,426,285.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the completion of the sale, the chief operating officer now directly owns 22,644 shares in the company, valued at $6,307,486.20. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock worth $13,739,345 in the last quarter. 1.80% of the stock is owned by company insiders.

Comfort Systems USA Stock Performance

NYSE FIX traded up $20.55 during trading on Monday, hitting $335.58. 508,160 shares of the company’s stock traded hands, compared to its average volume of 357,198. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 33.23 and a beta of 1.20. Comfort Systems USA, Inc. has a 12-month low of $144.45 and a 12-month high of $337.33. The business has a 50 day moving average of $309.88 and a 200-day moving average of $241.83.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.43. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company’s quarterly revenue was up 30.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.51 earnings per share. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Monday, May 13th will be issued a dividend of $0.30 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a yield of 0.36%. Comfort Systems USA’s dividend payout ratio is 9.90%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. DA Davidson raised their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. KeyCorp started coverage on Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Finally, UBS Group increased their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a report on Thursday, February 15th.

About Comfort Systems USA

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.