Comfort Systems USA, Inc. $FIX Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund raised its position in Comfort Systems USA, Inc. (NYSE:FIX) by 6.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,797 shares of the construction company’s stock after buying an additional 384 shares during the period. Illinois Municipal Retirement Fund’s holdings in Comfort Systems USA were worth $9,373,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FIX. Core Wealth Advisors LLC purchased a new position in Comfort Systems USA in the fourth quarter valued at about $28,000. Kemnay Advisory Services Inc. acquired a new stake in Comfort Systems USA during the 4th quarter valued at approximately $33,000. Farmers & Merchants Investments Inc. increased its holdings in Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock worth $37,000 after purchasing an additional 9 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock worth $41,000 after purchasing an additional 10 shares during the last quarter. Finally, ORG Partners LLC raised its position in shares of Comfort Systems USA by 63.0% in the 4th quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 17 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Trading Down 3.2%

Shares of NYSE FIX opened at $1,681.50 on Friday. The stock’s 50 day moving average price is $1,867.00 and its two-hundred day moving average price is $1,539.29. Comfort Systems USA, Inc. has a 52-week low of $513.99 and a 52-week high of $2,073.99. The stock has a market capitalization of $59.19 billion, a P/E ratio of 48.51 and a beta of 1.66. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same quarter last year, the business posted $4.75 EPS. On average, analysts anticipate that Comfort Systems USA, Inc. will post 43.39 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Friday, May 15th were paid a dividend of $0.80 per share. 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. The ex-dividend date was Friday, May 15th. Comfort Systems USA’s dividend payout ratio (DPR) is 9.23%.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 4,000 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the sale, the chief financial officer directly owned 33,804 shares of the company’s stock, valued at approximately $65,855,938.68. This represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Julie Shaeff sold 1,123 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the sale, the chief accounting officer directly owned 12,624 shares in the company, valued at $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,778 shares of company stock valued at $59,746,124 over the last three months. 1.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. The Goldman Sachs Group began coverage on Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price for the company. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Oppenheimer initiated coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $2,015.43.

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.