Comfort Systems USA, Inc. $FIX Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Holdings

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 6.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,056 shares of the construction company’s stock after purchasing an additional 2,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.10% of Comfort Systems USA worth $59,640,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Jones Financial Companies Lllp bought a new position in Comfort Systems USA in the second quarter valued at $26,000. Glynn Capital Management LLC lifted its position in Comfort Systems USA by 58.3% during the 3rd quarter. Glynn Capital Management LLC now owns 19 shares of the construction company’s stock worth $31,000 after buying an additional 7 shares in the last quarter. Avalon Trust Co bought a new stake in Comfort Systems USA during the 2nd quarter worth about $32,000. Field & Main Bank bought a new stake in Comfort Systems USA during the 2nd quarter worth about $32,000. Finally, Nvwm LLC acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth about $35,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,227.74 on Friday. The company has a market cap of $42.96 billion, a price-to-earnings ratio of 28.63 and a beta of 1.66. Comfort Systems USA, Inc. has a 1-year low of $841.66 and a 1-year high of $2,073.99. The company’s fifty day simple moving average is $1,561.25 and its 200 day simple moving average is $1,597.15. The company has a current ratio of 1.15, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.85 by $1.06. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.40 billion. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The company’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.25 earnings per share. On average, research analysts forecast that Comfort Systems USA, Inc. will post 50.32 earnings per share for the current fiscal year.

Comfort Systems USA Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, November 12th. This is a negative change from Comfort Systems USA’s previous quarterly dividend of $0.90. Comfort Systems USA’s payout ratio is currently 7.77%.

Insider Activity

In related news, CFO William George, III sold 2,554 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the sale, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. This trade represents a 7.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers sold 4,000 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, the director owned 8,495 shares of the company’s stock, valued at $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 have sold 26,078 shares of company stock valued at $43,211,828. 1.24% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on FIX. Stifel Nicolaus set a $1,808.00 price objective on Comfort Systems USA in a report on Monday. Oppenheimer dropped their target price on Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating on the stock in a report on Monday, October 26th. The Goldman Sachs Group set a $1,875.00 target price on Comfort Systems USA in a report on Tuesday, October 20th. DA Davidson set a $1,850.00 price target on Comfort Systems USA in a research report on Monday. Finally, UBS Group decreased their price target on Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating for the company in a research note on Monday. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,916.14.

Comfort Systems USA Profile

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.