10,200 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,200 shares of the construction company’s stock, valued at approximately $2,098,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of Comfort Systems USA by 2.3% during the first quarter. BlackRock Inc. now owns 6,016,801 shares of the construction company’s stock worth $878,212,000 after buying an additional 136,122 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Comfort Systems USA by 1.0% during the third quarter. Vanguard Group Inc. now owns 3,898,077 shares of the construction company’s stock worth $379,399,000 after buying an additional 39,263 shares during the last quarter. Capital World Investors lifted its holdings in shares of Comfort Systems USA by 32.3% during the first quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock worth $208,011,000 after buying an additional 570,560 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Comfort Systems USA by 3.9% during the third quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company’s stock worth $224,455,000 after buying an additional 50,001 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Comfort Systems USA by 1.5% during the second quarter. State Street Corp now owns 1,241,335 shares of the construction company’s stock worth $203,827,000 after buying an additional 18,337 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $299.99 on Thursday. The business’s fifty day moving average price is $295.24 and its two-hundred day moving average price is $228.33. Comfort Systems USA, Inc. has a fifty-two week low of $129.77 and a fifty-two week high of $335.25. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 33.33 and a beta of 1.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.40. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The business’s revenue was up 21.5% compared to the same quarter last year. As a group, analysts predict that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, March 7th. Comfort Systems USA’s dividend payout ratio (DPR) is 11.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FIX. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. UBS Group upped their price target on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. DA Davidson boosted 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, KeyCorp began coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the sale, the insider now directly owns 227,926 shares in the company, valued at $71,142,542.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Pablo G. Mercado sold 1,200 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $283.17, for a total transaction of $339,804.00. Following the sale, the director now owns 11,038 shares in the company, valued at $3,125,630.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 16,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $312.13, for a total value of $4,994,080.00. Following the sale, the insider now owns 227,926 shares in the company, valued at approximately $71,142,542.38. The disclosure for this sale can be found here. Insiders have sold 46,614 shares of company stock worth $13,739,345 over the last three months. Company insiders own 2.20% of the company’s stock.

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.