State of Alaska Department of Revenue Sells 210 Shares of Comfort Systems USA, Inc. $FIX

State of Alaska Department of Revenue reduced its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,950 shares of the construction company’s stock after selling 210 shares during the quarter. State of Alaska Department of Revenue’s holdings in Comfort Systems USA were worth $2,118,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Tradewinds Capital Management LLC raised its stake in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company’s stock valued at $26,000 after purchasing an additional 27 shares during the period. Stone House Investment Management LLC bought a new position in shares of Comfort Systems USA in the 1st quarter worth approximately $31,000. Versant Capital Management Inc increased its position in Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock valued at $32,000 after buying an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after buying an additional 37 shares during the last quarter. Finally, Brooklyn Investment Group raised its holdings in Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock valued at $37,000 after acquiring an additional 83 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,078 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total transaction of $750,158.64. Following the completion of the sale, the director directly owned 6,500 shares in the company, valued at approximately $4,523,220. The trade was a 14.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO T Mckenna Trent sold 4,400 shares of the firm’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total value of $3,153,172.00. Following the completion of the sale, the chief operating officer owned 21,639 shares in the company, valued at approximately $15,507,156.57. This represents a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,783 shares of company stock valued at $18,710,798 in the last 90 days. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Stock Down 0.1%

Shares of NYSE FIX opened at $833.65 on Friday. The stock has a 50-day moving average price of $731.36 and a two-hundred day moving average price of $543.46. Comfort Systems USA, Inc. has a 12 month low of $276.44 and a 12 month high of $852.31. The company has a market cap of $29.41 billion, a price-to-earnings ratio of 42.84 and a beta of 1.58. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating 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 business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the firm posted $3.74 EPS. Comfort Systems USA’s quarterly revenue was up 20.1% compared to the same quarter last year. As a group, analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were given a $0.50 dividend. The ex-dividend date was Thursday, August 14th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.28%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group increased their target price on shares of Comfort Systems USA from $710.00 to $875.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. DA Davidson raised 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. William Blair assumed coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They issued an “outperform” rating on the stock. Finally, Zacks Research downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and an average target price of $668.60.

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.