North Dakota State Investment Board Purchases New Holdings in Comfort Systems USA, Inc. $FIX

North Dakota State Investment Board purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, Holdings Channel reports. The fund purchased 1,224 shares of the construction company’s stock, valued at approximately $1,142,000.

A number of other hedge funds also recently made changes to their positions in the business. Elyxium Wealth LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $47,000. Abacus Wealth Partners LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $341,000. Soltis Investment Advisors LLC lifted its holdings in Comfort Systems USA by 28.1% during the 4th quarter. Soltis Investment Advisors LLC now owns 1,180 shares of the construction company’s stock worth $1,101,000 after purchasing an additional 259 shares during the last quarter. Beese Fulmer Investment Management Inc. acquired a new stake in Comfort Systems USA during the 4th quarter worth approximately $579,000. Finally, Canada Post Corp Registered Pension Plan acquired a new stake in Comfort Systems USA during the 4th quarter worth approximately $831,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 9,000 shares of Comfort Systems USA stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total value of $12,914,730.00. Following the completion of the transaction, the chief financial officer directly owned 37,824 shares of the company’s stock, valued at $54,276,305.28. The trade was a 19.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Myers sold 8,636 shares of Comfort Systems USA stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the transaction, the director directly owned 73,995 shares of the company’s stock, valued at $108,962,077.20. This represents a 10.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 61,024 shares of company stock worth $99,678,386. Corporate insiders own 1.24% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,834.04 on Thursday. The stock has a market capitalization of $64.56 billion, a PE ratio of 52.92 and a beta of 1.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21. The business has a fifty day moving average price of $1,629.45 and a two-hundred day moving average price of $1,281.43. Comfort Systems USA, Inc. has a fifty-two week low of $452.04 and a fifty-two week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The company’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.75 EPS. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 43.17 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $3.20 annualized dividend and a yield of 0.2%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is presently 9.23%.

Analyst Ratings Changes

Several research firms recently weighed in on FIX. UBS Group lifted their price target on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Glj Research began coverage on Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. Finally, Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average target price of $1,923.20.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.