Public Employees Retirement System of Ohio Sells 661 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Public Employees Retirement System of Ohio cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,983 shares of the construction company’s stock after selling 661 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Comfort Systems USA were worth $5,068,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FIX. Zacks Investment Management lifted its position in shares of Comfort Systems USA by 26.2% during the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after buying an additional 1,795 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Comfort Systems USA by 158.9% during the third quarter. Two Sigma Advisers LP now owns 33,400 shares of the construction company’s stock valued at $13,038,000 after acquiring an additional 20,500 shares during the last quarter. Stansberry Asset Management LLC lifted its holdings in Comfort Systems USA by 1.5% during the third quarter. Stansberry Asset Management LLC now owns 29,964 shares of the construction company’s stock worth $11,697,000 after acquiring an additional 431 shares during the period. State Street Corp boosted its position in Comfort Systems USA by 0.6% in the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock worth $412,038,000 after purchasing an additional 6,496 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in Comfort Systems USA by 12.6% in the 3rd quarter. Quantinno Capital Management LP now owns 3,727 shares of the construction company’s stock valued at $1,455,000 after purchasing an additional 416 shares during the period. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th. UBS Group boosted their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. Finally, Stifel Nicolaus assumed coverage on Comfort Systems USA in a research note on Friday, November 15th. They issued a “buy” rating and a $524.00 price objective on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $493.50.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the transaction, the insider now directly owns 204,205 shares of the company’s stock, valued at $91,663,540.40. This trade represents a 6.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO T Mckenna Trent sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the completion of the transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at approximately $11,630,591.90. The trade was a 14.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Performance

NYSE FIX opened at $462.33 on Friday. The firm has a market cap of $16.45 billion, a P/E ratio of 35.37 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $443.70 and its 200-day moving average is $369.15. Comfort Systems USA, Inc. has a 12-month low of $194.30 and a 12-month high of $510.79.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $2.74 EPS. The business’s revenue for the quarter was up 31.5% compared to the same quarter last year. Sell-side analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.30%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

About Comfort Systems USA

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.