Public Employees Retirement System of Ohio Has $7.36 Million Stake in Comfort Systems USA, Inc. $FIX

Key Points

• The Public Employees Retirement System of Ohio has increased its stake in Comfort Systems USA, Inc. by 5.8%, bringing its total valuation to $7.36 million as of the latest filing.
• Comfort Systems USA reported strong quarterly earnings with $6.53 EPS, exceeding analysts' estimates, and a 20.1% increase in revenue year-over-year.
• The company has raised its quarterly dividend from $0.45 to $0.50 per share, marking an annualized dividend yield of 0.2%.

Public Employees Retirement System of Ohio increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 5.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,723 shares of the construction company's stock after buying an additional 747 shares during the period. Public Employees Retirement System of Ohio's holdings in Comfort Systems USA were worth $7,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its position 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 worth $26,000 after purchasing an additional 27 shares during the period. Stone House Investment Management LLC bought a new position in Comfort Systems USA during the first quarter worth $31,000. Versant Capital Management Inc boosted its position in Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after purchasing an additional 72 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after purchasing an additional 37 shares during the period. Finally, Brooklyn Investment Group boosted its position in Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock worth $37,000 after purchasing an additional 83 shares during the period. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $806.24 on Friday. The business's 50 day simple moving average is $709.14 and its 200 day simple moving average is $531.38. Comfort Systems USA, Inc. has a one year low of $276.44 and a one year high of $825.00. The stock has a market capitalization of $28.44 billion, a PE ratio of 41.43 and a beta of 1.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion for the quarter, compared to analysts' expectations of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The company's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.74 EPS. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Thursday, August 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's payout ratio is 10.28%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FIX. DA Davidson lifted their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Stifel Nicolaus boosted their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research note on Friday, July 11th. William Blair initiated coverage on Comfort Systems USA in a research note on Thursday, September 11th. They issued an "outperform" rating for the company. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. Finally, Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of "Buy" and an average price target of $668.60.

Insider Activity

In other news, Director William J. Sandbrook sold 800 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total transaction of $586,848.00. Following the completion of the sale, the director directly owned 11,666 shares of the company's stock, valued at $8,557,710.96. This trade represents a 6.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the sale, the chief financial officer directly owned 47,473 shares of the company's stock, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,783 shares of company stock worth $18,710,798. 1.59% of the stock is owned by insiders.

Comfort Systems USA Company Profile

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.

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