Los Angeles Capital Management LLC Lowers Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Los Angeles Capital Management LLC lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,776 shares of the construction company’s stock after selling 385 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Comfort Systems USA were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of FIX. Advisor Group Holdings Inc. raised its position in shares of Comfort Systems USA by 47.0% in the 2nd quarter. Advisor Group Holdings Inc. now owns 10,822 shares of the construction company’s stock worth $852,000 after purchasing an additional 3,460 shares during the last quarter. American Century Companies Inc. raised its position in shares of Comfort Systems USA by 14.2% in the 2nd quarter. American Century Companies Inc. now owns 9,799 shares of the construction company’s stock worth $772,000 after purchasing an additional 1,218 shares during the last quarter. Citigroup Inc. raised its position in Comfort Systems USA by 82.9% in the 2nd quarter. Citigroup Inc. now owns 33,366 shares of the construction company’s stock worth $2,628,000 after buying an additional 15,119 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Comfort Systems USA by 8.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 17,804 shares of the construction company’s stock worth $1,403,000 after buying an additional 1,395 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in Comfort Systems USA by 114.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 42,000 shares of the construction company’s stock worth $3,309,000 after buying an additional 22,400 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Friday, January 7th.

Shares of NYSE:FIX opened at $96.94 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $54.00 and a fifty-two week high of $103.74. The business has a 50-day simple moving average of $98.24 and a two-hundred day simple moving average of $84.48. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.19 and a current ratio of 1.22. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 23.82 and a beta of 1.17.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Tuesday, October 26th. The construction company reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.28. The business had revenue of $833.90 million during the quarter, compared to analyst estimates of $775.03 million. Comfort Systems USA had a return on equity of 19.30% and a net margin of 5.09%. Comfort Systems USA’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.19 EPS. As a group, research analysts predict that Comfort Systems USA, Inc. will post 3.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 23rd. Shareholders of record on Friday, November 12th were paid a dividend of $0.13 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Wednesday, November 10th. Comfort Systems USA’s payout ratio is currently 12.78%.

In other Comfort Systems USA news, CFO William George III sold 21,055 shares of the business’s stock in a transaction dated Friday, October 29th. The stock was sold at an average price of $90.97, for a total transaction of $1,915,373.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO T Mckenna Trent sold 10,000 shares of the business’s stock in a transaction dated Friday, October 29th. The shares were sold at an average price of $91.31, for a total value of $913,100.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 141,155 shares of company stock valued at $13,759,358. Corporate insiders own 3.23% of the company’s stock.

Comfort Systems USA Profile

Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates through the following segments: Mechanical Services, Electrical Services, and Corporate. The Mechanical Services segment includes HVAC, plumbing, piping, and controls, as well as off-site construction, monitoring and fire protection.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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