Pallas Capital Advisors LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,126 shares of the construction company’s stock, valued at approximately $24,032,000. Comfort Systems USA comprises 0.7% of Pallas Capital Advisors LLC’s investment portfolio, making the stock its 27th biggest holding.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Comfort Systems USA by 17.0% in the 4th quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company’s stock valued at $4,022,597,000 after purchasing an additional 625,567 shares during the last quarter. Norges Bank bought a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $469,606,000. State Street Corp lifted its holdings in Comfort Systems USA by 35.6% in the fourth quarter. State Street Corp now owns 1,428,674 shares of the construction company’s stock valued at $1,333,367,000 after buying an additional 375,118 shares during the period. Geode Capital Management LLC lifted its holdings in Comfort Systems USA by 39.0% in the fourth quarter. Geode Capital Management LLC now owns 1,185,909 shares of the construction company’s stock valued at $1,103,453,000 after buying an additional 332,441 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Comfort Systems USA by 37,987.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,031 shares of the construction company’s stock valued at $289,349,000 after acquiring an additional 309,217 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have commented on FIX. Zacks Research raised shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA in a research report on Monday, July 27th. The Goldman Sachs Group started coverage on Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective for the company. UBS Group upped their price objective on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, Glj Research initiated coverage on Comfort Systems USA in a research note on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $2,057.86.
Comfort Systems USA Stock Performance
Shares of Comfort Systems USA stock opened at $1,879.96 on Tuesday. The stock’s fifty day simple moving average is $1,793.64 and its 200 day simple moving average is $1,643.63. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $66.16 billion, a PE ratio of 46.24 and a beta of 1.69. Comfort Systems USA, Inc. has a 12 month low of $655.96 and a 12 month high of $2,073.99.
Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the firm earned $6.53 earnings per share. The company’s revenue was up 50.3% on a year-over-year basis. On average, research analysts predict that Comfort Systems USA, Inc. will post 46.77 EPS for the current year.
Comfort Systems USA Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.90 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 8.85%.
Insider Activity at Comfort Systems USA
In other Comfort Systems USA news, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the transaction, the director owned 62,115 shares of the company’s stock, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rhoman J. Hardy sold 342 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the sale, the director directly owned 1,890 shares of the company’s stock, valued at $3,591,151.20. This represents a 15.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,542 shares of company stock valued at $26,437,101 over the last quarter. 1.24% 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.
Featured Articles
- Five stocks we like better than Comfort Systems USA
- Commodities Are Booming, But These 3 ETFs Tell Different Stories
- 3 Active ETFs Making Big Moves in August
- This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem
- Birkenstock Beats the Skeptics—But Not on EPS
Want to see what other hedge funds are holding FIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comfort Systems USA, Inc. (NYSE:FIX – Free Report).
Receive News & Ratings for Comfort Systems USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comfort Systems USA and related companies with MarketBeat.com's FREE daily email newsletter.
