VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 33,856 Comfort Systems USA, Inc. $FIX

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,856 shares of the construction company’s stock, valued at approximately $67,101,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.10% of Comfort Systems USA at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new position in Comfort Systems USA during the 2nd quarter worth approximately $26,000. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the fourth quarter worth approximately $28,000. Avalon Trust Co purchased a new position in shares of Comfort Systems USA in the second quarter worth $32,000. Field & Main Bank purchased a new position in shares of Comfort Systems USA in the second quarter worth $32,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Comfort Systems USA during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. DA Davidson initiated coverage on shares of Comfort Systems USA in a research note on Friday, August 21st. They set a “buy” rating and a $2,100.00 price objective for the company. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a research note on Monday, July 27th. Finally, UBS Group set a $2,100.00 price target on Comfort Systems USA in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $2,082.86.

Comfort Systems USA Stock Up 0.1%

Comfort Systems USA stock opened at $1,611.87 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $1,708.39 and a two-hundred day simple moving average of $1,681.05. Comfort Systems USA, Inc. has a 12 month low of $682.00 and a 12 month high of $2,073.99. The firm has a market cap of $56.72 billion, a price-to-earnings ratio of 39.64 and a beta of 1.67.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm’s quarterly revenue was up 50.3% on a year-over-year basis. During the same quarter last year, the company posted $6.53 earnings per share. Equities analysts predict that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Thursday, August 13th were issued a $0.90 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is currently 8.85%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the sale, the director directly owned 62,115 shares in the company, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO William George, III sold 2,554 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. The trade was a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 32,778 shares of company stock valued at $56,306,777. Insiders own 1.24% of the company’s stock.

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.