Comfort Systems USA, Inc. $FIX Shares Sold by National Pension Service

National Pension Service lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 5.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 67,589 shares of the construction company’s stock after selling 4,128 shares during the quarter. National Pension Service owned about 0.19% of Comfort Systems USA worth $133,958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signature Equity Partners LLC increased its stake in Comfort Systems USA by 16.7% in the first quarter. Signature Equity Partners LLC now owns 35 shares of the construction company’s stock valued at $48,000 after purchasing an additional 5 shares during the last quarter. Capital Advisors Inc. OK lifted its position in shares of Comfort Systems USA by 1.9% during the 2nd quarter. Capital Advisors Inc. OK now owns 321 shares of the construction company’s stock worth $636,000 after buying an additional 6 shares during the last quarter. Coston McIsaac & Partners boosted its holdings in shares of Comfort Systems USA by 3.0% in the 1st quarter. Coston McIsaac & Partners now owns 239 shares of the construction company’s stock valued at $329,000 after buying an additional 7 shares in the last quarter. Petra Financial Advisors Inc. boosted its holdings in shares of Comfort Systems USA by 0.7% in the 1st quarter. Petra Financial Advisors Inc. now owns 1,080 shares of the construction company’s stock valued at $1,489,000 after buying an additional 7 shares in the last quarter. Finally, Carolina Wealth Advisors LLC grew its position in shares of Comfort Systems USA by 63.6% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after buying an additional 7 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of several research analyst reports. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a report on Monday, July 27th. The Goldman Sachs Group assumed coverage on Comfort Systems USA in a research report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price for the company. KeyCorp lifted their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Finally, Oppenheimer assumed coverage on Comfort Systems USA in a research note on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Buy” and an average target price of $2,082.86.

Comfort Systems USA Trading Down 1.5%

NYSE FIX opened at $1,591.05 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The firm has a market cap of $55.99 billion, a PE ratio of 39.13 and a beta of 1.67. Comfort Systems USA, Inc. has a one year low of $751.85 and a one year high of $2,073.99. The firm’s fifty day moving average is $1,687.07 and its two-hundred day moving average is $1,687.89.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $6.53 earnings per share. The business’s quarterly revenue was up 50.3% compared to the same quarter last year. Analysts expect that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $3.60 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is currently 8.85%.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian Lane sold 16,024 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the transaction, the insider directly owned 145,065 shares in the company, valued at approximately $233,294,983.65. This trade represents a 9.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the completion of the transaction, the director directly owned 8,495 shares in the company, valued at approximately $14,389,850.40. The trade was a 32.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 32,778 shares of company stock valued at $56,306,777. 1.24% of the stock is owned by company insiders.

About Comfort Systems USA

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.