Pacer Advisors Inc. Raises Holdings in Comfort Systems USA, Inc. $FIX

Pacer Advisors Inc. raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 52.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,732 shares of the construction company’s stock after purchasing an additional 1,619 shares during the quarter. Pacer Advisors Inc.’s holdings in Comfort Systems USA were worth $3,905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Toth Financial Advisory Corp bought a new stake in Comfort Systems USA during the 3rd quarter valued at $25,000. Ameritas Advisory Services LLC purchased a new position in shares of Comfort Systems USA in the second quarter valued at about $27,000. Tradewinds Capital Management LLC raised its stake in shares of Comfort Systems USA by 37.8% during the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after acquiring an additional 31 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Comfort Systems USA by 310.7% during the second quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock worth $62,000 after purchasing an additional 87 shares during the period. Finally, Maseco LLP bought a new stake in shares of Comfort Systems USA in the second quarter worth about $64,000. Institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In other news, CFO William George III sold 4,370 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $958.88, for a total value of $4,190,305.60. Following the sale, the chief financial officer directly owned 39,824 shares of the company’s stock, valued at $38,186,437.12. The trade was a 9.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Herman E. Bulls sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the transaction, the director directly owned 30,574 shares of the company’s stock, valued at approximately $30,990,417.88. This trade represents a 6.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 26,028 shares of company stock valued at $25,381,151. Insiders own 1.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FIX shares. Stifel Nicolaus upped their price target on Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Wall Street Zen upgraded Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. UBS Group boosted their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Comfort Systems USA has an average rating of “Buy” and a consensus target price of $1,011.75.

Comfort Systems USA Price Performance

FIX opened at $949.57 on Tuesday. The stock has a fifty day simple moving average of $949.26 and a two-hundred day simple moving average of $773.50. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The company has a market cap of $33.49 billion, a price-to-earnings ratio of 40.20 and a beta of 1.64. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,036.67.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 13th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is currently 10.16%.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.