California State Teachers Retirement System trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX) by 10.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,302 shares of the construction company’s stock after selling 7,718 shares during the period. California State Teachers Retirement System owned approximately 0.18% of Comfort Systems USA worth $2,423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FIX. Riverhead Capital Management LLC lifted its stake in shares of Comfort Systems USA by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the construction company’s stock worth $110,000 after buying an additional 1,363 shares during the period. Advisor Group Inc. lifted its stake in shares of Comfort Systems USA by 27.2% during the second quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock worth $122,000 after buying an additional 706 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Comfort Systems USA by 11.5% during the second quarter. Victory Capital Management Inc. now owns 5,257 shares of the construction company’s stock worth $195,000 after buying an additional 542 shares during the period. Biltmore Wealth Management LLC acquired a new stake in shares of Comfort Systems USA during the second quarter worth $209,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Comfort Systems USA during the second quarter worth $221,000. Institutional investors own 94.16% of the company’s stock.

A number of research analysts recently issued reports on the stock. Gilford Securities downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday. Guggenheim downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday. Zacks Investment Research upgraded shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, DA Davidson boosted their target price on shares of Comfort Systems USA to $43.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.00.

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In other news, insider Julie Shaeff sold 15,905 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $42.65, for a total transaction of $678,348.25. Following the completion of the sale, the insider now owns 35,472 shares of the company’s stock, valued at $1,512,880.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Krusi sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $43.24, for a total transaction of $86,480.00. The disclosure for this sale can be found here. Insiders sold 35,905 shares of company stock valued at $1,530,088 in the last ninety days. 3.48% of the stock is owned by corporate insiders.

Comfort Systems USA, Inc. (FIX) opened at $41.15 on Monday. Comfort Systems USA, Inc. has a fifty-two week low of $31.33 and a fifty-two week high of $44.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.33 and a quick ratio of 1.30. The firm has a market cap of $1,528.07, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 2.31 and a beta of 1.31.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The company had revenue of $480.85 million during the quarter, compared to analysts’ expectations of $469.53 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. equities research analysts expect that Comfort Systems USA, Inc. will post 1.78 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th will be issued a $0.075 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.30 dividend on an annualized basis and a yield of 0.73%. Comfort Systems USA’s payout ratio is 17.44%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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