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

Lisanti Capital Growth LLC decreased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 5.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,850 shares of the construction company’s stock after selling 1,385 shares during the period. Comfort Systems USA accounts for 1.7% of Lisanti Capital Growth LLC’s portfolio, making the stock its 10th largest position. Lisanti Capital Growth LLC’s holdings in Comfort Systems USA were worth $6,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in FIX. V Square Quantitative Management LLC acquired a new stake in Comfort Systems USA in the 1st quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in Comfort Systems USA in the 2nd quarter valued at approximately $41,000. Rise Advisors LLC acquired a new stake in Comfort Systems USA in the 1st quarter valued at approximately $44,000. Headlands Technologies LLC acquired a new stake in Comfort Systems USA in the 1st quarter valued at approximately $65,000. Finally, CWM LLC increased its position in Comfort Systems USA by 60.3% in the 2nd quarter. CWM LLC now owns 218 shares of the construction company’s stock valued at $66,000 after acquiring an additional 82 shares during the period. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

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

Comfort Systems USA Price Performance

Shares of FIX stock traded up $6.19 during mid-day trading on Friday, hitting $353.52. 445,749 shares of the stock traded hands, compared to its average volume of 312,975. Comfort Systems USA, Inc. has a twelve month low of $151.89 and a twelve month high of $359.33. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 35.00 and a beta of 1.15. The company’s 50-day simple moving average is $318.12 and its 200-day simple moving average is $313.17. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00.

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, beating the consensus estimate of $3.14 by $0.60. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the firm earned $1.93 EPS. The firm’s revenue for the quarter was up 39.6% on a year-over-year basis. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 13.19 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, August 12th. Comfort Systems USA’s payout ratio is 11.88%.

Insider Buying and Selling

In related news, Director Vance W. Tang sold 3,473 shares of Comfort Systems USA 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 transaction, the director now directly owns 8,198 shares in the company, valued at approximately $2,541,380. The sale 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 5,845 shares of Comfort Systems USA stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total value of $1,941,475.20. Following the transaction, the chief financial officer now directly owns 55,099 shares in the company, valued at approximately $18,301,683.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 3,473 shares of Comfort Systems USA 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 completion of the transaction, the director now owns 8,198 shares in the company, valued at $2,541,380. The disclosure for this sale can be found here. Insiders have sold 27,864 shares of company stock worth $9,153,485 in the last three months. 1.80% of the stock is currently owned by insiders.

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.