California State Teachers Retirement System Sells 675 Shares of Comfort Systems USA, Inc. (NYSE:FIX)
California State Teachers Retirement System lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 1.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,605 shares of the construction company’s stock after selling 675 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Comfort Systems USA worth $6,511,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in FIX. Benjamin Edwards Inc. acquired a new position in shares of Comfort Systems USA in the fourth quarter valued at approximately $30,000. Meeder Asset Management Inc. increased its stake in shares of Comfort Systems USA by 172.9% in the fourth quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock valued at $42,000 after buying an additional 230 shares during the period. Brown Brothers Harriman & Co. increased its position in Comfort Systems USA by 2,814.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock valued at $36,000 after purchasing an additional 394 shares during the period. Parkside Financial Bank & Trust increased its position in Comfort Systems USA by 113.5% during the 1st quarter. Parkside Financial Bank & Trust now owns 442 shares of the construction company’s stock valued at $65,000 after purchasing an additional 235 shares during the period. Finally, Ronald Blue Trust Inc. increased its position in Comfort Systems USA by 28.2% during the 1st quarter. Ronald Blue Trust Inc. now owns 496 shares of the construction company’s stock valued at $57,000 after purchasing an additional 109 shares during the period. Institutional investors own 94.51% of the company’s stock.
Comfort Systems USA Price Performance
Comfort Systems USA stock opened at $176.72 on Friday. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 26.10 and a beta of 1.19. Comfort Systems USA, Inc. has a 52-week low of $95.28 and a 52-week high of $182.94. The stock’s 50 day moving average price is $167.81 and its two-hundred day moving average price is $149.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.01.
Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.29. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Comfort Systems USA had a return on equity of 23.24% and a net margin of 5.17%. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 EPS. On average, equities analysts predict that Comfort Systems USA, Inc. will post 7.51 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Thursday, August 17th will be issued a $0.225 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.20. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, August 16th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 13.29%.
Insider Buying and Selling
In related news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $159.94, for a total value of $479,820.00. Following the transaction, the director now directly owns 22,787 shares in the company, valued at approximately $3,644,552.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $159.94, for a total value of $479,820.00. Following the transaction, the director now directly owns 22,787 shares in the company, valued at approximately $3,644,552.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Vance W. Tang sold 1,844 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $182.00, for a total value of $335,608.00. Following the completion of the transaction, the director now owns 25,058 shares in the company, valued at $4,560,556. The disclosure for this sale can be found here. 2.48% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Comfort Systems USA in a research report on Thursday. They set a “buy” rating for the company. DA Davidson increased their target price on shares of Comfort Systems USA from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, UBS Group initiated coverage on shares of Comfort Systems USA in a research report on Thursday, June 1st. They set a “neutral” rating and a $162.00 target price for the company.
Check Out Our Latest Report on FIX
Comfort Systems USA Company Profile
Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.
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