New York State Teachers Retirement System Sells 664 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

New York State Teachers Retirement System reduced its position in Comfort Systems USA, Inc. (NYSE:FIX) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,189 shares of the construction company’s stock after selling 664 shares during the period. New York State Teachers Retirement System owned approximately 0.06% of Comfort Systems USA worth $4,564,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. State Board of Administration of Florida Retirement System lifted its holdings in shares of Comfort Systems USA by 0.6% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 10,115 shares of the construction company’s stock worth $1,724,000 after purchasing an additional 60 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Comfort Systems USA by 16.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 514 shares of the construction company’s stock valued at $84,000 after buying an additional 72 shares during the last quarter. Portside Wealth Group LLC raised its position in Comfort Systems USA by 3.6% in the 3rd quarter. Portside Wealth Group LLC now owns 2,157 shares of the construction company’s stock valued at $368,000 after buying an additional 74 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its position in Comfort Systems USA by 5.5% in the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 1,434 shares of the construction company’s stock valued at $244,000 after buying an additional 75 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Comfort Systems USA by 1.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,477 shares of the construction company’s stock valued at $653,000 after buying an additional 80 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Comfort Systems USA news, COO T Mckenna Trent sold 14,185 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the transaction, the chief operating officer now owns 22,644 shares in the company, valued at approximately $6,307,486.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the transaction, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the transaction, the chief operating officer now owns 22,644 shares of the company’s stock, valued at approximately $6,307,486.20. The disclosure for this sale can be found here. Insiders sold a total of 46,614 shares of company stock worth $13,739,345 in the last quarter. 2.48% of the stock is owned by company insiders.

Comfort Systems USA Stock Down 0.8 %

FIX stock opened at $307.58 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 34.18 and a beta of 1.19. Comfort Systems USA, Inc. has a fifty-two week low of $129.77 and a fifty-two week high of $335.25. The stock has a fifty day moving average of $290.74 and a 200-day moving average of $225.62.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.40. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.54 EPS. As a group, equities research analysts predict that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 annualized dividend and a yield of 0.33%. Comfort Systems USA’s dividend payout ratio is currently 11.11%.

Wall Street Analysts Forecast Growth

FIX has been the subject of several research analyst reports. UBS Group raised their target price on Comfort Systems USA from $208.00 to $254.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. DA Davidson raised their target price on Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Finally, KeyCorp initiated coverage on Comfort Systems USA in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company.

Comfort Systems USA Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.