Comfort Systems USA, Inc. $FIX Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,304 shares of the construction company’s stock after selling 1,301 shares during the period. Pallas Capital Advisors LLC’s holdings in Comfort Systems USA were worth $18,016,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Accurate Wealth Management LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at $240,000. JFS Wealth Advisors LLC lifted its position in Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after acquiring an additional 10 shares during the period. Family Wealth Partners LLC acquired a new stake in Comfort Systems USA during the 4th quarter worth about $225,000. World Equity Group Inc. grew its stake in Comfort Systems USA by 18.0% during the 4th quarter. World Equity Group Inc. now owns 432 shares of the construction company’s stock valued at $403,000 after purchasing an additional 66 shares during the last quarter. Finally, Czech National Bank acquired a new position in shares of Comfort Systems USA in the fourth quarter valued at about $8,640,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,367.28 on Friday. The stock has a market cap of $48.09 billion, a PE ratio of 47.31 and a beta of 1.63. The business has a 50-day simple moving average of $1,315.57 and a 200-day simple moving average of $1,053.39. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,500.00.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 19th. The construction company reported $9.37 EPS for the quarter, topping the consensus estimate of $6.75 by $2.62. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.Comfort Systems USA’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same period last year, the company earned $4.09 earnings per share. On average, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.60. Comfort Systems USA’s dividend payout ratio is 9.69%.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Darcy Anderson sold 4,500 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total transaction of $6,163,830.00. Following the sale, the director directly owned 18,035 shares of the company’s stock, valued at approximately $24,703,260.90. This represents a 19.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 9,365 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the sale, the insider owned 171,523 shares in the company, valued at approximately $249,243,501.76. This represents a 5.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FIX shares. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 24th. Stifel Nicolaus set a $1,611.00 price target on shares of Comfort Systems USA in a report on Monday, February 23rd. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Finally, UBS Group reaffirmed a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $1,573.67.

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.