Public Employees Retirement Association of Colorado Decreases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Public Employees Retirement Association of Colorado lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 84.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 138,690 shares of the construction company’s stock after selling 731,379 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Comfort Systems USA were worth $28,524,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund increased its stake in shares of Comfort Systems USA by 11.0% during the third quarter. New York State Common Retirement Fund now owns 62,233 shares of the construction company’s stock valued at $10,605,000 after buying an additional 6,190 shares during the period. Kestra Private Wealth Services LLC boosted its position in Comfort Systems USA by 15.0% during the third quarter. Kestra Private Wealth Services LLC now owns 3,613 shares of the construction company’s stock valued at $616,000 after purchasing an additional 472 shares in the last quarter. Swiss National Bank boosted its position in Comfort Systems USA by 1.2% during the third quarter. Swiss National Bank now owns 78,700 shares of the construction company’s stock valued at $13,411,000 after purchasing an additional 900 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Comfort Systems USA by 30.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 476,756 shares of the construction company’s stock valued at $81,244,000 after purchasing an additional 112,185 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Comfort Systems USA by 42.8% during the third quarter. Van ECK Associates Corp now owns 7,570 shares of the construction company’s stock valued at $1,290,000 after purchasing an additional 2,269 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In related news, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $299.96, for a total value of $899,880.00. Following the sale, the director now owns 13,787 shares in the company, valued at $4,135,548.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the sale, the director now owns 40,241 shares in the company, valued at $13,879,120.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Constance Ellen Skidmore sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $299.96, for a total value of $899,880.00. Following the completion of the sale, the director now owns 13,787 shares in the company, valued at approximately $4,135,548.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,488 shares of company stock worth $2,445,914. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FIX. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Saturday, May 25th. DA Davidson raised their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, UBS Group raised their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th.

Comfort Systems USA Stock Up 6.2 %

Shares of FIX stock traded up $18.66 during trading hours on Wednesday, reaching $319.66. 495,632 shares of the company’s stock were exchanged, compared to its average volume of 365,762. Comfort Systems USA, Inc. has a 1 year low of $151.42 and a 1 year high of $352.45. The stock has a market cap of $11.42 billion, a PE ratio of 31.65 and a beta of 1.16. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average price is $319.34 and its two-hundred day moving average price is $264.75.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $1.51 earnings per share. The company’s revenue was up 30.8% on a year-over-year basis. Research analysts predict that Comfort Systems USA, Inc. will post 11.9 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were paid a dividend of $0.30 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.38%. Comfort Systems USA’s payout ratio is presently 11.88%.

Comfort Systems USA 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.