2,200 Comfort Systems USA, Inc. $FIX Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 6.5% in the third quarter, HoldingsChannel reports. The firm owned 36,056 shares of the construction company’s stock after purchasing an additional 2,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Comfort Systems USA were worth $59,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Comfort Systems USA in the second quarter valued at about $6,734,037,000. Deutsche Bank AG acquired a new stake in shares of Comfort Systems USA during the 2nd quarter worth about $443,751,000. Legal & General Group Plc acquired a new stake in shares of Comfort Systems USA during the 2nd quarter worth about $400,096,000. Bank of New York Mellon Corp bought a new stake in shares of Comfort Systems USA during the 2nd quarter worth about $370,479,000. Finally, Amundi boosted its holdings in shares of Comfort Systems USA by 114.1% during the 2nd quarter. Amundi now owns 292,904 shares of the construction company’s stock worth $580,521,000 after buying an additional 156,069 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIX has been the topic of several research analyst reports. KeyCorp lowered their price target on shares of Comfort Systems USA from $2,125.00 to $1,979.00 and set an “overweight” rating on the stock in a report on Monday, October 26th. Oppenheimer decreased their target price on Comfort Systems USA from $2,400.00 to $2,000.00 and set an “outperform” rating on the stock in a research report on Monday, October 26th. UBS Group decreased their target price on Comfort Systems USA from $2,225.00 to $1,900.00 and set a “buy” rating on the stock in a research report on Monday. DA Davidson set a $1,850.00 target price on Comfort Systems USA in a research note on Monday. Finally, The Goldman Sachs Group set a $1,875.00 price target on Comfort Systems USA in a report on Tuesday, October 20th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,916.14.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George, III sold 2,554 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer owned 30,250 shares in the company, valued at $56,254,412.50. This represents a 7.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian Lane sold 16,024 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders sold 26,078 shares of company stock valued at $43,211,828 in the last quarter. Company insiders own 1.24% of the company’s stock.

Comfort Systems USA Trading Down 7.4%

Shares of Comfort Systems USA stock opened at $1,227.74 on Friday. The firm has a 50-day moving average of $1,561.25 and a 200-day moving average of $1,597.15. The stock has a market cap of $42.96 billion, a PE ratio of 28.63 and a beta of 1.66. Comfort Systems USA, Inc. has a 52-week low of $841.66 and a 52-week high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.15.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, October 22nd. The construction company reported $13.91 EPS for the quarter, topping analysts’ consensus estimates of $12.85 by $1.06. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.40 billion. During the same period last year, the firm earned $8.25 earnings per share. Comfort Systems USA’s revenue for the quarter was up 53.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 50.32 EPS for the current year.

Comfort Systems USA Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, November 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 0.0%. This is a decrease from Comfort Systems USA’s previous quarterly dividend of $0.90. Comfort Systems USA’s payout ratio is presently 7.77%.

About Comfort Systems USA

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.