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

Pacer Advisors Inc. boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 52.0% during the 3rd quarter, according to its most recent 13F filing 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 reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Toth Financial Advisory Corp purchased a new position in Comfort Systems USA in the third quarter worth about $25,000. Ameritas Advisory Services LLC bought a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $27,000. Tradewinds Capital Management LLC raised its holdings in Comfort Systems USA by 37.8% in the 2nd quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock worth $61,000 after acquiring an additional 31 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in Comfort Systems USA by 310.7% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 115 shares of the construction company’s stock worth $62,000 after acquiring an additional 87 shares during the last quarter. Finally, Maseco LLP bought a new position in Comfort Systems USA in the 2nd quarter valued at approximately $64,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on FIX. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. UBS Group lifted their price objective on Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a report on Monday, October 27th. William Blair assumed coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating for the company. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a report on Friday, December 19th. Finally, Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $1,069.00 to $1,155.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $1,011.75.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, SVP Laura Finley Howell sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $996.16, for a total transaction of $996,160.00. Following the completion of the sale, the senior vice president owned 7,938 shares of the company’s stock, valued at approximately $7,907,518.08. The trade was a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William George III sold 4,370 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer owned 39,824 shares of the company’s stock, valued at approximately $38,186,437.12. The trade was a 9.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,028 shares of company stock worth $25,381,151 over the last three months. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

NYSE FIX opened at $949.57 on Tuesday. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,036.67. The firm has a market capitalization of $33.49 billion, a P/E ratio of 40.20 and a beta of 1.64. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $949.26 and a 200-day moving average price of $773.50.

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

Comfort Systems USA Increases Dividend

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

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.