Public Employees Retirement System of Ohio Lowers Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Public Employees Retirement System of Ohio cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,983 shares of the construction company’s stock after selling 661 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Comfort Systems USA were worth $5,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in FIX. Hollencrest Capital Management purchased a new position in Comfort Systems USA in the third quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth about $38,000. V Square Quantitative Management LLC increased its position in shares of Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after purchasing an additional 47 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Comfort Systems USA during the 3rd quarter valued at about $53,000. Finally, Contravisory Investment Management Inc. lifted its position in Comfort Systems USA by 126.9% in the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock worth $59,000 after buying an additional 85 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 1.4 %

Shares of NYSE FIX opened at $462.33 on Friday. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 35.37 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average is $443.70 and its 200 day moving average is $369.15. Comfort Systems USA, Inc. has a 52 week low of $194.30 and a 52 week high of $510.79.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.97 by $0.12. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.74 earnings per share. On average, equities research analysts expect that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a $0.35 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.30%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is 10.71%.

Analyst Ratings Changes

FIX has been the topic of a number of recent research reports. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research report on Friday, November 15th. They set a “buy” rating and a $524.00 price target on the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. UBS Group boosted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average target price of $493.50.

Insider Transactions at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total value of $1,023,650.00. Following the completion of the sale, the director now owns 9,036 shares of the company’s stock, valued at $3,699,880.56. This trade represents a 21.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares in the company, valued at approximately $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,200 shares of company stock worth $15,431,250. 1.80% of the stock is currently owned by insiders.

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.