California State Teachers Retirement System Decreases Stake in Comfort Systems USA, Inc. $FIX

California State Teachers Retirement System lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 4.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,984 shares of the construction company's stock after selling 2,292 shares during the quarter. California State Teachers Retirement System owned about 0.15% of Comfort Systems USA worth $103,029,689 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FIX. Prudential PLC acquired a new position in shares of Comfort Systems USA during the fourth quarter worth approximately $6,922,000. Ethic Inc. boosted its position in shares of Comfort Systems USA by 80.5% during the fourth quarter. Ethic Inc. now owns 1,677 shares of the construction company's stock valued at $1,565,000 after buying an additional 748 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Comfort Systems USA by 230.4% in the 4th quarter. BNP Paribas Financial Markets now owns 57,199 shares of the construction company's stock worth $53,383,000 after buying an additional 39,888 shares during the period. Simplicity Wealth LLC purchased a new stake in Comfort Systems USA in the second quarter worth approximately $601,000. Finally, Swiss Life Asset Management Ltd raised its stake in Comfort Systems USA by 713.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 13,278 shares of the construction company's stock worth $12,392,000 after buying an additional 11,645 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 6,700 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the sale, the director directly owned 62,115 shares in the company, valued at approximately $121,401,904.05. This trade represents a 9.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 16,024 shares of Comfort Systems USA stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the sale, the insider owned 145,065 shares of the company's stock, valued at $233,294,983.65. The trade was a 9.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 32,778 shares of company stock worth $56,306,777. Company insiders own 1.24% of the company's stock.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock traded up $0.44 during trading on Tuesday, reaching $1,583.24. 131,637 shares of the stock traded hands, compared to its average volume of 441,462. The business has a fifty day simple moving average of $1,681.79 and a two-hundred day simple moving average of $1,690.65. Comfort Systems USA, Inc. has a 52-week low of $757.00 and a 52-week high of $2,073.99. The company has a market capitalization of $55.71 billion, a price-to-earnings ratio of 38.92 and a beta of 1.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, topping analysts' consensus estimates of $10.45 by $2.08. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.The company had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $2.99 billion. During the same period in the prior year, the firm earned $6.53 earnings per share. The firm's revenue was up 50.3% compared to the same quarter last year. Sell-side analysts expect that Comfort Systems USA, Inc. will post 47.2 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Thursday, August 13th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, August 13th. Comfort Systems USA's payout ratio is 8.85%.

Wall Street Analysts Forecast Growth

FIX has been the topic of several research analyst reports. KeyCorp upped their price objective on Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an "overweight" rating in a research report on Monday, July 27th. Erste Group Bank downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. UBS Group reiterated a "buy" rating on shares of Comfort Systems USA in a report on Tuesday. Oppenheimer initiated coverage on Comfort Systems USA in a research report on Thursday, May 28th. They set an "outperform" rating and a $2,200.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They set a "buy" rating and a $2,159.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $2,082.86.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a provider of commercial, industrial and institutional heating, ventilation, air conditioning and electrical contracting services. The company designs, installs, maintains and repairs mechanical systems used in buildings and industrial facilities, including heating and cooling equipment, plumbing, piping, controls and related building infrastructure.

The company serves customers through a network of operating subsidiaries across the United States. Its projects and services support a range of facilities, including office buildings, healthcare and educational institutions, manufacturing sites, technology and data center facilities, and other commercial and industrial properties.

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