Pinnbrook Capital Management LP Takes Position in Comfort Systems USA, Inc. $FIX

Pinnbrook Capital Management LP bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,823 shares of the construction company’s stock, valued at approximately $10,093,000. Comfort Systems USA makes up approximately 1.2% of Pinnbrook Capital Management LP’s portfolio, making the stock its 25th largest position. Pinnbrook Capital Management LP owned 0.05% of Comfort Systems USA at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIX. MassMutual Private Wealth & Trust FSB increased its stake in Comfort Systems USA by 12.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock valued at $107,000 after purchasing an additional 22 shares during the last quarter. Optimum Investment Advisors boosted its holdings in shares of Comfort Systems USA by 0.8% in the 2nd quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock valued at $1,602,000 after buying an additional 25 shares in the last quarter. Tradewinds Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 37.8% in the 2nd quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after buying an additional 31 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Comfort Systems USA by 2.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company’s stock valued at $932,000 after buying an additional 34 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after acquiring an additional 37 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Trading Up 1.1%

Shares of FIX stock opened at $907.29 on Friday. The business’s fifty day moving average price is $855.06 and its 200 day moving average price is $663.78. The firm has a market capitalization of $32.00 billion, a PE ratio of 38.41 and a beta of 1.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,020.26.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The company had revenue of $713.90 million for the quarter. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, November 13th. Comfort Systems USA’s payout ratio is currently 10.16%.

Analyst Upgrades and Downgrades

FIX has been the subject of several research reports. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Northcoast Research lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Monday, July 28th. DA Davidson set a $810.00 price objective on Comfort Systems USA in a research note on Friday, October 24th. UBS Group raised their target price on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $819.20.

Insider Buying and Selling

In related news, Director Darcy Anderson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the sale, the director owned 22,535 shares of the company’s stock, valued at approximately $21,604,755.20. This represents a 15.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Sandbrook sold 800 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total value of $586,848.00. Following the completion of the sale, the director owned 11,666 shares in the company, valued at $8,557,710.96. This represents a 6.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 16,078 shares of company stock valued at $15,242,037. 1.59% of the stock is owned by company insiders.

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.