Comfort Systems USA, Inc. (NYSE:FIX) Stock Holdings Trimmed by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 53,647 shares of the construction company’s stock after selling 749 shares during the quarter. Retirement Systems of Alabama’s holdings in Comfort Systems USA were worth $20,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FIX. Hollencrest Capital Management acquired a new stake in shares of Comfort Systems USA during the 3rd quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Comfort Systems USA during the third quarter valued at $38,000. V Square Quantitative Management LLC raised its holdings in shares of Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after purchasing an additional 47 shares during the period. True Wealth Design LLC bought a new position in shares of Comfort Systems USA in the 3rd quarter worth about $53,000. Finally, Contravisory Investment Management Inc. boosted its holdings in shares of Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 2,700 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $390.00, for a total value of $1,053,000.00. Following the completion of the sale, the director now directly owns 5,498 shares of the company’s stock, valued at approximately $2,144,220. This represents a 32.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the transaction, the chief operating officer now owns 23,990 shares of the company’s stock, valued at $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock worth $15,431,250 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Comfort Systems USA Stock Performance

FIX opened at $462.33 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $443.70 and its 200-day moving average is $369.15. The stock has a market cap of $16.45 billion, a PE ratio of 35.37 and a beta of 1.18. Comfort Systems USA, Inc. has a twelve month low of $194.30 and a twelve month high of $510.79.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the business earned $2.74 EPS. The firm’s revenue for the quarter was up 31.5% on a year-over-year basis. On average, analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.30%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio is presently 10.71%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Northcoast Research began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. UBS Group boosted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a “buy” rating and a $524.00 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus price target of $493.50.

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.