The Kentucky Teachers Retirement Plan reduced its position in Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 7.3% in the fourth quarter, according to a recent disclosure to the SEC. The institutional investor held 10,981 shares in the construction company after selling 865 shares during the period. Comfort Systems USA’s assets held by the Kentucky Teachers’ Retirement Plan were worth $1,263,000 at the end of the most recent reporting period.
Many other hedge funds also trade in the company’s shares. Wyoming increased shares of Comfort Systems USA 3.8% in the fourth quarter. Wyoming now owns 2,216 shares of the construction company, worth $255,000, after purchasing an additional 82 shares last quarter. The Maryland Retirement Pension System increased its stake in Comfort Systems USA by 0.6% in the fourth quarter. The Maryland Retirement Plan purchased an additional 91 shares last quarter and now owns 14,721 shares of the construction company, valued at $1,694,000. Strs Ohio increased his Comfort Systems USA stake by 0.9% in the fourth quarter. Strs Ohio purchased an additional 100 shares last quarter and now owns 11,700 shares of the construction company, valued at $1,346,000. The Alaska Department of Revenue increased shares in Comfort Systems USA by 0.5% in the fourth quarter. The Alaska Department of Revenue purchased an additional 119 shares last quarter and now owns 24,901 shares of the construction company, valued at $2,865,000. Finally, Lazard Asset Management LLC increased his Comfort Systems USA stake by 1.6% in the third quarter. Lazard Asset Management LLC purchased an additional 137 shares last quarter and now owns 8,591 shares of the construction company, valued at $835,000. Institutional investors and hedge funds currently hold 94.26% of the shares.
In other news, director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction that took place on Monday, June 12. The stock sold at an average price of $159.94, bringing the total trading value to his $479,820.00. After the sale, the directors now own 22,787 shares of the company, valued at $3,644,552.78. The deal was disclosed in his SEC filing, which can be accessed at this link. Corporate insiders own 2.48% of the company’s shares.
Wall Street analyst speaks out
Many brokerages have commented on FIX. DA Davidson raised his price target on Comfort Systems USA from $135.00 to $170.00, giving the company a buy rating in a research note on Friday, February 24. The UBS Group began coverage of Comfort Systems USA on Thursday, June 1 in its Research Note. They rated the company Neutral and set a price target of $162.00. Finally, StockNews.com began covering his Comfort Systems USA in a research note on Thursday, May 18th. They gave the company a “buy” rating.
Comfort Systems USA stock performance
FIX opened at $161.58 on Monday. His 50-day moving average for this company is $147.22 and his 200-day moving average is $134.31. The stock has a market cap of $5.78 billion, a P/E price of 26.89 times, and a beta of 1.21 times. The company has a current ratio of 1.04, a quick ratio of 1.01 and a debt to equity ratio of 0.19. Comfort Systems USA shares are at a 12-month low of $74.14 and a high of $165.05.
Comfort Systems USA (NYSE:FIX – Get Rating) reported its final quarterly results on Wednesday, April 26. The construction firm reported earnings of $1.51 per share for the quarter, beating analyst consensus forecasts of $1.07 by $0.44. The company posted $1.17 billion in revenue for the quarter, up from $1.1 billion expected by analysts. Comfort Systems USA had a return on equity of 21.72% and a net profit margin of 4.89%. The segment’s revenue for the quarter increased by 32.7% compared to the same period last year. The company posted earnings of $0.91 per share in the same period last year. Analysts, on average, expect Comfort Systems USA Inc.’s earnings per share this year to be 6.79 for him.
Comfort Systems USA increases dividend
The company also recently announced a quarterly dividend, which was paid out on Monday, May 29. A dividend of $0.20 per share was issued to shareholders of record on Thursday, May 18. This equates to his dividend of $0.80 and a dividend yield of 0.50% on an annualized basis. The ex-dividend date for this dividend was Wednesday, May 17. That’s a boost from Comfort Systems USA’s previous quarterly dividend of $0.18. Comfort Systems USA’s dividend payout ratio is 13.31%.
Comfort Systems USA Profile
Comfort Systems USA, Inc is engaged in providing mechanical and electrical contracting services. It operates under the Mechanical Services and Electrical Services divisions. The mechanical services sector includes heating, ventilation, air conditioning, plumbing, plumbing and controls, as well as offsite construction, monitoring and fire protection.
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