Pallas Capital Advisors LLC Lowers Position in Comfort Systems USA, Inc. $FIX

Key Points

• Pallas Capital Advisors LLC lowered its holdings in Comfort Systems USA by 6.3% in Q4 to 19,304 shares (about $18.02M), and institutional investors now own roughly 96.51% of the company.
• Comfort Systems reported strong quarterly results — EPS $9.37 vs. $6.75 expected and revenue $2.65B (up 41.7% YoY) — and analysts hold a consensus Buy rating with an average price target of $1,573.67.
• Despite the dividend increase to $0.70 quarterly (annualized $2.80, ~0.2% yield), insiders have been net sellers, disposing of 37,288 shares worth about $53.7M in the past 90 days.

Pallas Capital Advisors LLC lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,304 shares of the construction company's stock after selling 1,301 shares during the quarter. Pallas Capital Advisors LLC owned approximately 0.05% of Comfort Systems USA worth $18,016,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Toth Financial Advisory Corp bought a new position in shares of Comfort Systems USA during the third quarter valued at approximately $25,000. Quent Capital LLC bought a new position in Comfort Systems USA in the third quarter worth approximately $25,000. Ameriflex Group Inc. raised its stake in Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company's stock worth $25,000 after buying an additional 15 shares in the last quarter. Eastern Bank purchased a new stake in Comfort Systems USA during the third quarter worth $31,000. Finally, JFS Wealth Advisors LLC lifted its holdings in Comfort Systems USA by 29.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company's stock worth $41,000 after buying an additional 10 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FIX. DA Davidson lifted their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a "buy" rating in a report on Monday, February 23rd. UBS Group restated a "buy" rating and set a $1,310.00 price objective on shares of Comfort Systems USA in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research note on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a report on Saturday, January 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $1,573.67.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,367.28 on Friday. The company has a 50 day moving average of $1,315.57 and a two-hundred day 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 twelve month low of $276.44 and a twelve month high of $1,500.00. The company has a market cap of $48.09 billion, a price-to-earnings ratio of 47.31 and a beta of 1.63.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm posted $4.09 earnings per share. The business's quarterly revenue was up 41.7% on a year-over-year basis. As a group, analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Friday, March 6th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $2.80 annualized dividend and a yield of 0.2%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.60. Comfort Systems USA's dividend payout ratio is currently 9.69%.

Insider Buying and Selling

In other Comfort Systems USA news, Director Franklin Myers sold 8,636 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the sale, the director directly owned 73,995 shares in the company, valued at approximately $108,962,077.20. This trade represents a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Terrence Reed sold 1,116 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total value of $1,559,420.28. Following the completion of the sale, the senior vice president directly owned 2,834 shares of the company's stock, valued at approximately $3,960,033.22. This represents a 28.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,288 shares of company stock valued at $53,677,038 in the last 90 days. 1.59% of the stock is owned by 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.

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