Pacer Advisors Inc. Sells 1,926 Shares of Comfort Systems USA, Inc. $FIX

Pacer Advisors Inc. reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 40.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,806 shares of the construction company’s stock after selling 1,926 shares during the period. Pacer Advisors Inc.’s holdings in Comfort Systems USA were worth $2,619,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FIX. NewEdge Advisors LLC raised its holdings in Comfort Systems USA by 41.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,208 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock valued at $579,000 after purchasing an additional 313 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Comfort Systems USA in the 2nd quarter valued at $567,000. Finally, Sei Investments Co. increased its position in shares of Comfort Systems USA by 69.2% during the second quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after buying an additional 17,839 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Franklin Myers sold 4,500 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $1,902.57, for a total value of $8,561,565.00. Following the sale, the director owned 68,983 shares of the company’s stock, valued at approximately $131,244,986.31. The trade was a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total value of $649,827.36. Following the transaction, the director owned 1,890 shares of the company’s stock, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 24,078 shares of company stock worth $46,651,175. 1.24% of the stock is owned by insiders.

Comfort Systems USA Price Performance

FIX stock opened at $1,907.91 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The company’s 50-day moving average is $1,848.14 and its 200-day moving average is $1,438.81. The stock has a market capitalization of $67.16 billion, a PE ratio of 55.05 and a beta of 1.65. Comfort Systems USA, Inc. has a 1 year low of $504.75 and a 1 year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the company earned $4.75 earnings per share. The company’s quarterly revenue was up 56.5% on a year-over-year basis. Equities research analysts expect that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a $0.80 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. Comfort Systems USA’s dividend payout ratio is currently 9.23%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FIX. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Stifel Nicolaus increased their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Erste Group Bank began coverage on Comfort Systems USA in a research note on Friday, June 5th. They issued a “buy” rating on the stock. Finally, Oppenheimer assumed coverage on Comfort Systems USA in a research report on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $1,991.50.

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.