Comfort Systems USA, Inc. $FIX Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 36.4% during the 1st quarter, HoldingsChannel reports. The fund owned 1,785 shares of the construction company’s stock after selling 1,021 shares during the period. Pacer Advisors Inc.’s holdings in Comfort Systems USA were worth $2,461,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Wealth High Governance Capital Ltda purchased a new position in shares of Comfort Systems USA in the 1st quarter valued at about $19,338,000. Wealth High Governance Asset Management Ltda. purchased a new position in Comfort Systems USA during the first quarter worth approximately $16,484,000. Parallel Advisors LLC boosted its position in Comfort Systems USA by 17.3% during the first quarter. Parallel Advisors LLC now owns 663 shares of the construction company’s stock worth $914,000 after purchasing an additional 98 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Comfort Systems USA by 7.4% in the first quarter. NewEdge Advisors LLC now owns 4,964 shares of the construction company’s stock valued at $6,845,000 after purchasing an additional 340 shares during the period. Finally, Glenmede Trust Co. NA grew its holdings in Comfort Systems USA by 26.9% in the first quarter. Glenmede Trust Co. NA now owns 424 shares of the construction company’s stock valued at $585,000 after purchasing an additional 90 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

FIX opened at $1,693.68 on Friday. Comfort Systems USA, Inc. has a twelve month low of $655.96 and a twelve month high of $2,073.99. The firm has a market capitalization of $59.60 billion, a PE ratio of 41.65 and a beta of 1.69. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $1,806.50 and its 200 day moving average price is $1,614.33.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $6.53 EPS. Comfort Systems USA’s quarterly revenue was up 50.3% on a year-over-year basis. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 7.87%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a research report on Monday, July 27th. UBS Group increased their target price on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a research report on Monday, July 27th. KeyCorp lifted their price target on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. Finally, Glj Research initiated coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective for the company. One equities research 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $2,057.86.

Insider Buying and Selling

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the transaction, the chief accounting officer owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers sold 6,700 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the sale, the director owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 9,165 shares of company stock worth $18,012,152 in the last three months. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Company 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.