Pinnbrook Capital Management LP Sells 4,236 Shares of Comfort Systems USA, Inc. $FIX

Pinnbrook Capital Management LP decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 69.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,823 shares of the construction company’s stock after selling 4,236 shares during the quarter. Pinnbrook Capital Management LP’s holdings in Comfort Systems USA were worth $1,701,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC grew its stake in shares of Comfort Systems USA by 24.0% during the 4th quarter. Global Retirement Partners LLC now owns 388 shares of the construction company’s stock worth $362,000 after acquiring an additional 75 shares during the period. Mach 1 Financial Group LLC bought a new position in Comfort Systems USA in the 4th quarter worth about $860,000. Algebris UK Ltd. bought a new position in Comfort Systems USA in the 4th quarter worth about $975,000. Fi3 FINANCIAL ADVISORS LLC boosted its stake in Comfort Systems USA by 14.5% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 504 shares of the construction company’s stock worth $470,000 after purchasing an additional 64 shares during the period. Finally, ABN Amro Investment Solutions bought a new position in Comfort Systems USA in the 4th quarter worth about $2,301,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 0.0%

FIX stock opened at $1,835.96 on Friday. The company’s 50 day moving average is $1,638.55 and its 200 day moving average is $1,287.55. The stock has a market cap of $64.63 billion, a price-to-earnings ratio of 52.97 and a beta of 1.70. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a 1-year low of $452.04 and a 1-year high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. Comfort Systems USA’s quarterly revenue was up 56.5% on a year-over-year basis. During the same period last year, the firm posted $4.75 earnings per share. Sell-side analysts predict that Comfort Systems USA, Inc. will post 43.17 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th will be paid a $0.80 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s payout ratio is presently 9.23%.

Analyst Upgrades and Downgrades

Several research analysts have commented on FIX shares. UBS Group raised their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Glj Research started 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 for the company. DA Davidson raised their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,923.20.

Insiders Place Their Bets

In other Comfort Systems USA news, Director William J. Sandbrook sold 2,500 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the transaction, the director directly owned 9,166 shares of the company’s stock, valued at $13,229,471.12. The trade was a 21.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 9,000 shares of Comfort Systems USA stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total value of $12,914,730.00. Following the completion of the transaction, the chief financial officer directly owned 37,824 shares in the company, valued at $54,276,305.28. This trade represents a 19.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 61,024 shares of company stock worth $99,678,386. 1.24% of the stock is currently owned by corporate insiders.

About Comfort Systems USA

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.