Pitcairn Co. Sells 3,149 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Pitcairn Co. trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 59.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,128 shares of the construction company’s stock after selling 3,149 shares during the quarter. Pitcairn Co.’s holdings in Comfort Systems USA were worth $676,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Comfort Systems USA in the 1st quarter valued at about $25,000. Byrne Asset Management LLC bought a new stake in Comfort Systems USA in the fourth quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Comfort Systems USA in the first quarter valued at approximately $44,000. Headlands Technologies LLC bought a new position in shares of Comfort Systems USA during the 1st quarter worth approximately $65,000. Finally, GAMMA Investing LLC acquired a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 2.5 %

Comfort Systems USA stock opened at $292.38 on Friday. The company’s 50-day moving average price is $316.36 and its two-hundred day moving average price is $292.53. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. The stock has a market cap of $10.44 billion, a P/E ratio of 28.95 and a beta of 1.15. Comfort Systems USA, Inc. has a twelve month low of $151.89 and a twelve month high of $352.45.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.63. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.69 billion. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The firm’s quarterly revenue was up 39.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.93 earnings per share. As a group, analysts expect that Comfort Systems USA, Inc. will post 12.24 EPS for the current year.

Insider Activity

In related news, Director Darcy Anderson sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the transaction, the director now directly owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Comfort Systems USA news, Director Darcy Anderson sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the transaction, the director now owns 40,241 shares in the company, valued at approximately $13,879,120.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Vance W. Tang sold 3,473 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the completion of the sale, the director now owns 8,198 shares of the company’s stock, valued at $2,541,380. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,961 shares of company stock valued at $2,622,664. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th.

Comfort Systems USA Company 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.