South Dakota Investment Council Reduces Holdings in Comfort Systems USA, Inc. $FIX

South Dakota Investment Council reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 34.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,930 shares of the construction company’s stock after selling 3,647 shares during the period. South Dakota Investment Council’s holdings in Comfort Systems USA were worth $9,556,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Core Wealth Advisors LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter worth $28,000. CENTRAL TRUST Co acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at $46,000. Ascentis Independent Advisors acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at $46,000. Brown Lisle Cummings Inc. purchased a new position in Comfort Systems USA in the 1st quarter worth $47,000. Finally, Hollencrest Capital Management acquired a new stake in Comfort Systems USA during the 1st quarter worth about $48,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Down 6.8%

Shares of FIX opened at $1,516.21 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. Comfort Systems USA, Inc. has a 12 month low of $655.96 and a 12 month high of $2,073.99. The stock’s 50 day moving average is $1,822.84 and its two-hundred day moving average is $1,585.32. The firm has a market cap of $53.36 billion, a P/E ratio of 37.29 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The business had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. The business’s quarterly revenue was up 50.3% on a year-over-year basis. During the same period in the prior year, the company posted $6.53 EPS. Analysts predict that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio (DPR) is 7.87%.

Insider Buying and Selling at Comfort Systems USA

In related news, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares in the company, valued at approximately $317,319,555.76. The trade was a 6.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Julie Shaeff sold 1,123 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $2,000.37, for a total value of $2,246,415.51. Following the sale, the chief accounting officer owned 12,624 shares of the company’s stock, valued at approximately $25,252,670.88. This trade represents a 8.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 28,778 shares of company stock valued at $56,257,229. Corporate insiders own 1.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. KeyCorp increased their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday. Oppenheimer began coverage on Comfort Systems USA in a research report on Thursday, May 28th. They issued an “outperform” rating and a $2,200.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Friday, July 17th. Finally, UBS Group increased their price objective on shares of Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a research note on Monday. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus target price of $2,057.86.

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.