Comfort Systems USA, Inc. (NYSE:FIX) Holdings Raised by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,599 shares of the construction company’s stock after acquiring an additional 1,355 shares during the quarter. Pallas Capital Advisors LLC owned about 0.05% of Comfort Systems USA worth $8,104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIX. Capital World Investors increased its stake in shares of Comfort Systems USA by 26.6% in the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company’s stock worth $684,254,000 after purchasing an additional 451,852 shares during the period. Westfield Capital Management Co. LP increased its position in Comfort Systems USA by 56.4% in the 1st quarter. Westfield Capital Management Co. LP now owns 667,036 shares of the construction company’s stock worth $211,924,000 after buying an additional 240,466 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Comfort Systems USA by 2.1% during the second quarter. Federated Hermes Inc. now owns 415,825 shares of the construction company’s stock worth $126,461,000 after buying an additional 8,578 shares during the last quarter. Millennium Management LLC boosted its position in shares of Comfort Systems USA by 477.9% in the second quarter. Millennium Management LLC now owns 342,724 shares of the construction company’s stock valued at $104,229,000 after acquiring an additional 283,416 shares during the period. Finally, Driehaus Capital Management LLC grew its stake in shares of Comfort Systems USA by 5.8% in the second quarter. Driehaus Capital Management LLC now owns 152,703 shares of the construction company’s stock worth $46,440,000 after acquiring an additional 8,363 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 5.0 %

Shares of Comfort Systems USA stock opened at $388.95 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $13.89 billion, a P/E ratio of 38.51 and a beta of 1.13. Comfort Systems USA, Inc. has a 12-month low of $176.33 and a 12-month high of $424.63. The company has a 50-day simple moving average of $372.37 and a 200 day simple moving average of $336.27.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the company posted $2.74 EPS. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. Research analysts expect that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.36%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 13.86%.

Insider Activity

In related news, Director Darcy Anderson sold 3,546 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the transaction, the director now owns 37,193 shares in the company, valued at $12,503,914.67. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Comfort Systems USA news, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the sale, the director now owns 37,193 shares of the company’s stock, valued at approximately $12,503,914.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the transaction, the insider now directly owns 219,205 shares in the company, valued at approximately $72,239,007.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,391 shares of company stock valued at $8,076,855. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th.

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.