Illinois Municipal Retirement Fund Boosts Holdings in Comfort Systems USA, Inc. $FIX

Illinois Municipal Retirement Fund increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 178.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,565 shares of the construction company’s stock after purchasing an additional 3,567 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Comfort Systems USA were worth $2,984,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FIX. Cerity Partners LLC lifted its position in Comfort Systems USA by 2.1% in the first quarter. Cerity Partners LLC now owns 17,841 shares of the construction company’s stock valued at $5,751,000 after purchasing an additional 365 shares during the last quarter. CWM LLC raised its holdings in Comfort Systems USA by 64.3% during the 1st quarter. CWM LLC now owns 8,271 shares of the construction company’s stock valued at $2,666,000 after buying an additional 3,238 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in Comfort Systems USA by 7.6% during the 1st quarter. Apollon Wealth Management LLC now owns 792 shares of the construction company’s stock valued at $255,000 after buying an additional 56 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in Comfort Systems USA by 136.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 443 shares of the construction company’s stock valued at $143,000 after buying an additional 256 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in 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 acquiring an additional 37 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Down 7.8%

FIX opened at $897.09 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,020.26. The stock has a market cap of $31.64 billion, a PE ratio of 37.98 and a beta of 1.55. The business has a 50 day moving average of $851.07 and a 200-day moving average of $660.22.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 13th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is 10.16%.

Insider Activity at Comfort Systems USA

In related news, Director Franklin Myers sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the sale, the director owned 82,901 shares of the company’s stock, valued at $83,454,778.68. The trade was a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the transaction, the director directly owned 4,000 shares of the company’s stock, valued at $4,021,640. This represents a 38.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 16,078 shares of company stock worth $15,242,037 over the last 90 days. 1.59% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. DA Davidson set a $810.00 target price on shares of Comfort Systems USA in a report on Friday, October 24th. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 25th. UBS Group upped their target price on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Stifel Nicolaus set a $1,069.00 price target on shares of Comfort Systems USA in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $819.20.

Comfort Systems USA Company Profile

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.