Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 13.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,708 shares of the construction company's stock after selling 2,715 shares during the period. New York State Common Retirement Fund owned about 0.05% of Comfort Systems USA worth $5,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in FIX. Tradewinds Capital Management LLC lifted its holdings in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Colonial Trust Co SC raised its position in shares of Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after purchasing an additional 67 shares during the last quarter. Versant Capital Management Inc lifted its stake in Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after buying an additional 72 shares in the last quarter. Johnson Financial Group Inc. lifted its stake in Comfort Systems USA by 131.1% in the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock valued at $45,000 after buying an additional 59 shares in the last quarter. Finally, Rothschild Investment LLC boosted its holdings in Comfort Systems USA by 106.9% in the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock worth $39,000 after buying an additional 62 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Trading Up 2.8%

Shares of FIX traded up $15.27 during midday trading on Thursday, reaching $563.18. The company had a trading volume of 503,031 shares, compared to its average volume of 301,362. Comfort Systems USA, Inc. has a 1-year low of $272.92 and a 1-year high of $565.02. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The firm has a 50 day simple moving average of $510.31 and a 200-day simple moving average of $434.24. The stock has a market cap of $19.87 billion, a PE ratio of 33.78 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. Comfort Systems USA's revenue was up 20.1% on a year-over-year basis. During the same period last year, the company earned $3.74 earnings per share. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, August 25th will be issued a $0.50 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 0.36%. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FIX. Stifel Nicolaus increased their target price on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, DA Davidson upped their price objective on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a research note on Monday, June 30th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $572.60.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the sale, the insider owned 198,046 shares of the company's stock, valued at $85,488,536.36. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William George III sold 12,500 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the completion of the transaction, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,800 shares of company stock valued at $18,696,795 in the last ninety days. Company insiders own 1.59% of the company's stock.

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.