Strs Ohio Makes New Investment in Comfort Systems USA, Inc. $FIX

Strs Ohio purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,536 shares of the construction company’s stock, valued at approximately $817,000.

Several other large investors have also recently made changes to their positions in FIX. Tradewinds Capital Management LLC grew its holdings in shares of Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock worth $26,000 after purchasing an additional 27 shares during the last quarter. Stone House Investment Management LLC bought a new position in shares of Comfort Systems USA in the first quarter worth approximately $31,000. Versant Capital Management Inc grew its holdings in shares of Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock worth $32,000 after purchasing an additional 72 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after purchasing an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after purchasing an additional 83 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FIX has been the topic of several recent analyst reports. William Blair initiated coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. Wall Street Zen upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. DA Davidson lifted their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a report on Monday, July 28th. Finally, Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a “buy” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $668.60.

Insiders Place Their Bets

In related news, insider Brian E. Lane sold 10,000 shares of Comfort Systems USA stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $691.74, for a total transaction of $6,917,400.00. Following the completion of the sale, the insider owned 188,046 shares of the company’s stock, valued at $130,078,940.04. The trade was a 5.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 1,078 shares of Comfort Systems USA stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the transaction, the director owned 6,500 shares of the company’s stock, valued at approximately $4,523,220. This represents a 14.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Down 0.4%

NYSE FIX opened at $796.56 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The company has a market capitalization of $28.10 billion, a P/E ratio of 40.93 and a beta of 1.54. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $806.58. The stock has a 50 day moving average price of $683.84 and a 200-day moving average price of $513.73.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period last year, the company earned $3.74 earnings per share. Comfort Systems USA’s revenue was up 20.1% on a year-over-year basis. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a $0.50 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA’s dividend payout ratio is 10.28%.

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.