Comfort Systems USA, Inc. $FIX Stock Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 24.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,369 shares of the construction company’s stock after selling 2,439 shares during the period. Retirement Systems of Alabama’s holdings in Comfort Systems USA were worth $12,189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Paragon Advisors LLC raised its holdings in Comfort Systems USA by 13.2% in the 3rd quarter. Paragon Advisors LLC now owns 1,848 shares of the construction company’s stock worth $3,057,000 after acquiring an additional 216 shares during the period. Candriam S.C.A. grew its holdings in Comfort Systems USA by 13.0% in the 3rd quarter. Candriam S.C.A. now owns 26,274 shares of the construction company’s stock valued at $43,618,000 after buying an additional 3,019 shares during the last quarter. Point Nemo Capital LLC lifted its holdings in shares of Comfort Systems USA by 1.2% during the third quarter. Point Nemo Capital LLC now owns 1,372 shares of the construction company’s stock worth $2,269,000 after buying an additional 16 shares during the last quarter. Ethic Inc. boosted its position in shares of Comfort Systems USA by 10.4% in the third quarter. Ethic Inc. now owns 2,824 shares of the construction company’s stock valued at $4,672,000 after acquiring an additional 265 shares during the period. Finally, StoneX Group Inc. bought a new position in Comfort Systems USA during the third quarter worth $391,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, 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 transaction, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. This represents a 7.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian Lane sold 16,024 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the sale, the insider owned 145,065 shares of the company’s stock, valued at approximately $233,294,983.65. This represents a 9.95% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FIX shares. Oppenheimer dropped their price objective on shares of Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating on the stock in a report on Monday, October 26th. DA Davidson set a $1,850.00 price target on shares of Comfort Systems USA in a report on Monday, October 26th. Weiss Ratings downgraded shares of Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 23rd. Stifel Nicolaus set a $1,808.00 price target on shares of Comfort Systems USA in a research note on Monday, October 26th. Finally, JPMorgan Chase & Co. initiated coverage on Comfort Systems USA in a report on Tuesday. They issued an “overweight” rating and a $1,700.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $1,889.12.

Comfort Systems USA Stock Down 2.9%

Shares of FIX opened at $1,128.45 on Friday. The business’s 50 day simple moving average is $1,477.41 and its 200-day simple moving average is $1,597.39. Comfort Systems USA, Inc. has a one year low of $841.66 and a one year high of $2,073.99. The company has a market capitalization of $39.48 billion, a P/E ratio of 25.08 and a beta of 1.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.15 and a quick ratio of 1.13.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.85 by $1.06. The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.40 billion. Comfort Systems USA had a return on equity of 55.24% and a net margin of 13.01%. The business’s revenue was up 53.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.25 earnings per share. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 50.03 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Thursday, November 12th will be paid a $1.00 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $4.00 annualized dividend and a dividend yield of 0.4%. Comfort Systems USA’s payout ratio is 7.77%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc. is a provider of heating, ventilation and air conditioning (HVAC) and other mechanical services for commercial, industrial and institutional customers. Founded in 1997 and headquartered in Houston, Texas, the company serves customers across the United States through its operating businesses. Its services include designing and installing HVAC and related mechanical systems for new construction and building renovations, as well as maintaining, repairing and replacing existing equipment.