New York State Common Retirement Fund Sells 2,715 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

New York State Common Retirement Fund lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 13.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 17,708 shares of the construction company’s stock after selling 2,715 shares during the period. New York State Common Retirement Fund owned approximately 0.05% of Comfort Systems USA worth $5,708,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIX. Proficio Capital Partners LLC acquired a new position in Comfort Systems USA during the fourth quarter worth $514,000. Commonwealth Equity Services LLC lifted its holdings in Comfort Systems USA by 41.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,770 shares of the construction company’s stock valued at $2,447,000 after purchasing an additional 1,704 shares during the last quarter. Corient Private Wealth LLC boosted its position in Comfort Systems USA by 14.5% during the fourth quarter. Corient Private Wealth LLC now owns 1,412 shares of the construction company’s stock worth $599,000 after purchasing an additional 179 shares during the period. Virtu Financial LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter worth about $803,000. Finally, American Century Companies Inc. raised its position in shares of Comfort Systems USA by 38.9% in the fourth quarter. American Century Companies Inc. now owns 79,039 shares of the construction company’s stock valued at $33,517,000 after purchasing an additional 22,116 shares during the period. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the transaction, the director directly owned 4,998 shares in the company, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO William George III sold 12,500 shares of the business’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the sale, the chief financial officer directly owned 47,473 shares in the company, valued at $22,317,532.03. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,800 shares of company stock valued at $18,696,795. Company insiders own 1.59% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $555.33 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. The firm has a market cap of $19.59 billion, a P/E ratio of 33.31 and a beta of 1.51. The business’s 50 day moving average price is $503.56 and its 200-day moving average price is $431.33. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $559.36.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm earned $2.69 earnings per share. Comfort Systems USA’s revenue was up 19.1% on a year-over-year basis. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a $0.45 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.32%. Comfort Systems USA’s dividend payout ratio is 10.80%.

Analyst Ratings Changes

Several brokerages have commented on FIX. Stifel Nicolaus raised their target price on Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Wall Street Zen lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Finally, DA Davidson upped their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a “buy” rating in a report on Monday, June 30th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $572.60.

About Comfort Systems USA

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.