Pacer Advisors Inc. grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 17.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,438 shares of the construction company’s stock after purchasing an additional 1,533 shares during the period. Pacer Advisors Inc.’s holdings in Comfort Systems USA were worth $462,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of FIX. Metropolitan Life Insurance Co NY raised its stake in Comfort Systems USA by 5.1% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 11,652 shares of the construction company’s stock worth $610,000 after acquiring an additional 561 shares during the last quarter. WINTON GROUP Ltd raised its stake in Comfort Systems USA by 68.9% in the 2nd quarter. WINTON GROUP Ltd now owns 17,057 shares of the construction company’s stock worth $870,000 after acquiring an additional 6,957 shares during the last quarter. Copper Rock Capital Partners LLC raised its stake in Comfort Systems USA by 4.2% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 496,452 shares of the construction company’s stock worth $25,314,000 after acquiring an additional 20,153 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Comfort Systems USA in the 2nd quarter worth $526,000. Finally, Nisa Investment Advisors LLC raised its stake in Comfort Systems USA by 13.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 25,700 shares of the construction company’s stock worth $1,310,000 after acquiring an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 91.10% of the company’s stock.
In related news, CFO William George III purchased 1,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average cost of $37.47 per share, with a total value of $37,470.00. Following the transaction, the chief financial officer now owns 56,462 shares of the company’s stock, valued at $2,115,631.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Franklin Myers purchased 5,500 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of $41.89 per share, for a total transaction of $230,395.00. Following the completion of the transaction, the chairman now directly owns 250,000 shares in the company, valued at approximately $10,472,500. The disclosure for this purchase can be found here. Insiders have acquired a total of 15,500 shares of company stock worth $623,570 over the last ninety days. 3.23% of the stock is owned by insiders.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.21). The company had revenue of $650.30 million for the quarter, compared to analyst estimates of $676.49 million. Comfort Systems USA had a return on equity of 21.15% and a net margin of 4.54%. Comfort Systems USA’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. Analysts forecast that Comfort Systems USA, Inc. will post 2.69 EPS for the current year.
A number of brokerages recently issued reports on FIX. ValuEngine upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Comfort Systems USA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, DA Davidson upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $57.00 to $52.00 in a research note on Monday, July 29th.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.
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