Public Employees Retirement System of Ohio raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 435.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,116 shares of the construction company’s stock after acquiring an additional 8,226 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Comfort Systems USA were worth $442,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Millennium Management LLC raised its position in Comfort Systems USA by 4.5% in the 4th quarter. Millennium Management LLC now owns 386,817 shares of the construction company’s stock worth $16,896,000 after purchasing an additional 16,627 shares during the period. Westover Capital Advisors LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at about $218,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at about $653,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of Comfort Systems USA by 327.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,091 shares of the construction company’s stock valued at $484,000 after purchasing an additional 8,495 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at about $526,000. 94.47% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE FIX opened at $57.75 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.31 and a quick ratio of 1.28. The company has a market cap of $2.11 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34. Comfort Systems USA, Inc. has a 12-month low of $41.14 and a 12-month high of $59.83.
The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a $0.095 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, March 8th. Comfort Systems USA’s dividend payout ratio is presently 12.67%.
In other Comfort Systems USA news, insider Brian E. Lane sold 21,122 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $53.30, for a total value of $1,125,802.60. Following the completion of the transaction, the insider now directly owns 219,968 shares in the company, valued at $11,724,294.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Julie Shaeff sold 12,009 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $53.08, for a total transaction of $637,437.72. Following the completion of the transaction, the insider now owns 30,599 shares of the company’s stock, valued at $1,624,194.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,131 shares of company stock valued at $1,858,940. Company insiders own 3.45% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Monday, January 21st. Sidoti lowered shares of Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research note on Tuesday, March 12th. Finally, DA Davidson boosted their price objective on shares of Comfort Systems USA from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th.
About Comfort Systems USA
Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.
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