Comfort Systems USA, Inc. $FIX Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 43.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,000 shares of the construction company’s stock after selling 3,081 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Comfort Systems USA were worth $3,733,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management lifted its stake in shares of Comfort Systems USA by 658.1% during the fourth quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after buying an additional 4,679 shares during the period. Moran Wealth Management LLC lifted its stake in shares of Comfort Systems USA by 34.0% during the fourth quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock worth $26,465,000 after buying an additional 7,192 shares during the period. Caerus Investment Advisors LLC acquired a new stake in shares of Comfort Systems USA during the third quarter worth $767,000. Private Advisor Group LLC lifted its stake in shares of Comfort Systems USA by 50.1% during the third quarter. Private Advisor Group LLC now owns 7,781 shares of the construction company’s stock worth $6,420,000 after buying an additional 2,598 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Comfort Systems USA by 3,378.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company’s stock worth $79,079,000 after buying an additional 82,295 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FIX. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a research note on Friday, April 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Monday, April 20th. UBS Group boosted their target price on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. Finally, DA Davidson boosted their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,923.20.

Insider Buying and Selling

In other news, CFO William George III sold 9,000 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the completion of the sale, the chief financial officer owned 37,824 shares of the company’s stock, valued at $54,276,305.28. The trade was a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian E. Lane sold 11,113 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total transaction of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares of the company’s stock, valued at $317,319,555.76. This represents a 6.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,024 shares of company stock valued at $99,678,386 in the last ninety days. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Stock Up 0.4%

FIX opened at $2,042.15 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $452.04 and a fifty-two week high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The company has a fifty day moving average of $1,587.78 and a two-hundred day moving average of $1,256.24. The stock has a market capitalization of $71.88 billion, a price-to-earnings ratio of 58.92 and a beta of 1.70.

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

Comfort Systems USA Increases Dividend

The company 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 is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio is presently 8.08%.

Comfort Systems USA 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.