Comfort Systems USA, Inc. $FIX Shares Sold by National Pension Service

National Pension Service cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 67,589 shares of the construction company’s stock after selling 4,128 shares during the quarter. National Pension Service’s holdings in Comfort Systems USA were worth $133,958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jones Financial Companies Lllp acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth $26,000. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $28,000. Avalon Trust Co acquired a new stake in shares of Comfort Systems USA in the second quarter valued at about $32,000. Field & Main Bank purchased a new stake in Comfort Systems USA during the second quarter worth about $32,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Comfort Systems USA during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Transactions at Comfort Systems USA

In other news, insider Brian Lane sold 16,024 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the sale, the insider directly owned 145,065 shares in the company, valued at $233,294,983.65. This represents a 9.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George, III sold 2,554 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the sale, the chief financial officer directly owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 32,778 shares of company stock valued at $56,306,777 over the last three months. 1.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

FIX has been the topic of several research analyst reports. KeyCorp boosted their price target on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. UBS Group set a $2,100.00 price objective on Comfort Systems USA in a research note on Thursday, August 20th. Stifel Nicolaus set a $1,910.00 price objective on Comfort Systems USA in a report on Monday, July 27th. The Goldman Sachs Group began coverage on Comfort Systems USA in a research report on Thursday, July 9th. They set a “buy” rating and a $2,159.00 target price on the stock. Finally, DA Davidson started coverage on Comfort Systems USA in a report on Friday, August 21st. They issued a “buy” rating and a $2,100.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $2,082.86.

Comfort Systems USA Stock Down 1.5%

FIX stock opened at $1,591.05 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19. The company’s 50 day simple moving average is $1,687.07 and its 200-day simple moving average is $1,687.89. Comfort Systems USA, Inc. has a 12 month low of $751.85 and a 12 month high of $2,073.99. The firm has a market capitalization of $55.99 billion, a PE ratio of 39.13 and a beta of 1.67.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) 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 firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $6.53 EPS. The company’s quarterly revenue was up 50.3% compared to the same quarter last year. Equities analysts expect that Comfort Systems USA, Inc. will post 47.2 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis 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 of this dividend was Thursday, August 13th. Comfort Systems USA’s payout ratio is presently 8.85%.

About Comfort Systems USA

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.