Pacer Advisors Inc. Decreases Stock Position in Comfort Systems USA, Inc. $FIX

Pacer Advisors Inc. lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 36.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,785 shares of the construction company’s stock after selling 1,021 shares during the quarter. Pacer Advisors Inc.’s holdings in Comfort Systems USA were worth $2,461,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC boosted its stake in Comfort Systems USA by 41.1% in 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 in the last quarter. Focus Partners Wealth increased its stake in Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock valued at $741,000 after purchasing an additional 1,208 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Comfort Systems USA by 40.9% during 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 in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Comfort Systems USA in the second quarter worth $567,000. Finally, Sei Investments Co. raised its holdings in shares of Comfort Systems USA by 69.2% in 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 last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

NYSE:FIX opened at $1,693.68 on Friday. Comfort Systems USA, Inc. has a one year low of $655.96 and a one year high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The firm has a market cap of $59.60 billion, a price-to-earnings ratio of 41.65 and a beta of 1.69. The firm’s fifty day moving average is $1,806.50 and its two-hundred day moving average 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 earnings per share for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company’s revenue was up 50.3% on a year-over-year basis. During the same quarter last year, the business posted $6.53 EPS. Research analysts expect that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is 7.87%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

FIX has been the subject of several research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. UBS Group raised their target price on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. KeyCorp lifted their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Finally, Oppenheimer assumed coverage on Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $2,057.86.

About Comfort Systems USA

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.