Pacer Advisors Inc. Has $2.62 Million Stake in Comfort Systems USA, Inc. $FIX

Key Points

• Pacer Advisors Inc. cut its stake in Comfort Systems USA by 40.7% in the fourth quarter, leaving it with 2,806 shares valued at about $2.62 million.
• Comfort Systems USA reported strong quarterly results, posting EPS of $10.51 versus estimates of $6.81 and revenue of $2.87 billion, up 56.5% from a year earlier.
• The company also raised its quarterly dividend to $0.80 from $0.70, while analysts remain broadly bullish with a consensus rating of Buy and an average price target of $1,991.50.

Pacer Advisors Inc. reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 40.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,806 shares of the construction company's stock after selling 1,926 shares during the period. Pacer Advisors Inc.'s holdings in Comfort Systems USA were worth $2,619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FIX. NewEdge Advisors LLC increased its position in shares of Comfort Systems USA by 41.1% in the first 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 during the period. Focus Partners Wealth increased its holdings in Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company's stock valued at $741,000 after buying an additional 1,208 shares during the period. Sivia Capital Partners LLC raised its position in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company's stock valued at $579,000 after buying an additional 313 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Comfort Systems USA during the 2nd quarter worth approximately $567,000. Finally, Sei Investments Co. lifted its holdings in shares of Comfort Systems USA by 69.2% during the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company's stock worth $23,395,000 after acquiring an additional 17,839 shares during the period. Institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FIX shares. Glj Research initiated coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They issued a "buy" rating and a $2,001.00 price objective on the stock. KeyCorp raised Comfort Systems USA from a "sector weight" rating to an "overweight" rating and set a $2,004.00 price target for the company in a report on Friday, April 24th. UBS Group upped their price objective on Comfort Systems USA from $1,992.00 to $2,125.00 and gave the stock a "buy" rating in a research report on Monday, June 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Finally, Stifel Nicolaus boosted their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a "buy" rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Comfort Systems USA currently has an average rating of "Buy" and a consensus price target of $1,991.50.

Comfort Systems USA Stock Down 7.7%

Shares of NYSE:FIX opened at $1,907.91 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. Comfort Systems USA, Inc. has a 52-week low of $504.75 and a 52-week high of $2,073.99. The company has a market capitalization of $67.16 billion, a PE ratio of 55.05 and a beta of 1.65. The company has a fifty day moving average of $1,848.14 and a 200-day moving average of $1,438.81.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion during the quarter, compared to analysts' expectations of $2.39 billion. During the same quarter in the prior year, the firm earned $4.75 EPS. The business's revenue for the quarter was up 56.5% compared to the same quarter last year. On average, equities analysts predict that Comfort Systems USA, Inc. will post 43.39 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were issued a $0.80 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA's dividend payout ratio (DPR) is 9.23%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director William J. Sandbrook sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the transaction, the director directly owned 7,666 shares in the company, valued at approximately $13,282,648.22. This represents a 16.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO William George III sold 4,000 shares of the firm's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the transaction, the chief financial officer directly owned 33,804 shares of the company's stock, valued at $65,855,938.68. The trade was a 10.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,078 shares of company stock worth $46,651,175 over the last quarter. 1.24% of the stock is currently owned by corporate insiders.

Comfort Systems USA 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.