Pacer Advisors Inc. Trims Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Pacer Advisors Inc. reduced its holdings in Comfort Systems USA by 66.7%, selling 6,713 shares during the first quarter, resulting in ownership of 3,350 shares valued at approximately $1,080,000.
• UBS Group raised its target price on Comfort Systems USA from $545.00 to $710.00, indicating a positive outlook as analysts generally rate the stock with a consensus of "Moderate Buy."
• Comfort Systems USA declared a quarterly dividend of $0.50, an increase from the previous $0.45, with the ex-dividend date set for August 14th.

Pacer Advisors Inc. lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 66.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,350 shares of the construction company's stock after selling 6,713 shares during the quarter. Pacer Advisors Inc.'s holdings in Comfort Systems USA were worth $1,080,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FIX. Tradewinds Capital Management LLC increased its holdings in shares of Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after acquiring an additional 27 shares in the last quarter. Colonial Trust Co SC grew its stake in shares of Comfort Systems USA by 352.6% in the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after buying an additional 67 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after acquiring an additional 72 shares during the last quarter. Johnson Financial Group Inc. lifted its stake in shares of Comfort Systems USA by 131.1% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock worth $45,000 after buying an additional 59 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after purchasing an additional 37 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,400 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the sale, the chief operating officer owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. The trade was a 16.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William George III sold 12,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the completion of the sale, the chief financial officer directly owned 47,473 shares of the company's stock, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,700 shares of company stock valued at $21,638,967. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Down 1.0%

Shares of Comfort Systems USA stock traded down $7.06 on Friday, hitting $696.24. The company had a trading volume of 552,387 shares, compared to its average volume of 406,624. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The stock has a market capitalization of $24.56 billion, a price-to-earnings ratio of 35.78 and a beta of 1.49. The stock has a 50 day moving average of $537.48 and a 200-day moving average of $444.42. Comfort Systems USA, Inc. has a 1 year low of $272.92 and a 1 year high of $718.40.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the business posted $3.74 earnings per share. The business's revenue for the quarter was up 20.1% on a year-over-year basis. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. UBS Group boosted their price target on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, DA Davidson boosted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of "Moderate Buy" and an average target price of $635.60.

About Comfort Systems USA

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.