Pallas Capital Advisors LLC Has $5.90 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Pallas Capital Advisors LLC decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 4.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 18,306 shares of the construction company's stock after selling 925 shares during the period. Pallas Capital Advisors LLC owned approximately 0.05% of Comfort Systems USA worth $5,901,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Comfort Systems USA by 15.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,260 shares of the construction company's stock valued at $958,000 after buying an additional 300 shares during the period. Vest Financial LLC grew its holdings in shares of Comfort Systems USA by 42.7% in the 4th quarter. Vest Financial LLC now owns 5,583 shares of the construction company's stock valued at $2,368,000 after buying an additional 1,670 shares during the period. Empowered Funds LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at $1,149,000. Entropy Technologies LP grew its holdings in shares of Comfort Systems USA by 26.3% in the 4th quarter. Entropy Technologies LP now owns 4,801 shares of the construction company's stock valued at $2,036,000 after buying an additional 1,000 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of Comfort Systems USA by 2.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 363,947 shares of the construction company's stock valued at $154,335,000 after buying an additional 7,890 shares during the period. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

Shares of FIX stock traded up $8.36 on Wednesday, reaching $496.07. The stock had a trading volume of 241,948 shares, compared to its average volume of 437,690. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of 33.95 and a beta of 1.51. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The firm's 50-day moving average is $422.63 and its two-hundred day moving average is $420.07.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $3.66 by $1.09. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business's revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 EPS. On average, research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a $0.45 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.36%. The ex-dividend date was Friday, May 16th. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a report on Monday, February 24th. DA Davidson upped their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $525.80.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the transaction, the director now owns 26,535 shares in the company, valued at $13,448,468.70. This represents a 23.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO William George III sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the transaction, the chief financial officer now owns 47,473 shares in the company, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,800 shares of company stock valued at $18,696,795 in the last three months. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Profile

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.