State of New Jersey Common Pension Fund D Has $3.89 Million Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in Comfort Systems USA by 5.9%, selling 761 shares and owning 12,056 shares valued at approximately $3.89 million after the sale.
• Comfort Systems USA recently announced a quarterly dividend of $0.50 per share, which will be paid on August 25th, representing an annualized increase to $2.00 and a dividend yield of 0.3%.
• The company's quarterly earnings exceeded analysts' expectations, reporting $6.53 EPS against a consensus estimate of $4.84 and achieving $2.17 billion in revenue.

State of New Jersey Common Pension Fund D decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 5.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,056 shares of the construction company's stock after selling 761 shares during the period. State of New Jersey Common Pension Fund D's holdings in Comfort Systems USA were worth $3,886,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of Comfort Systems USA by 39,575.2% during the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after purchasing an additional 253,677 shares during the period. Nuveen LLC acquired a new stake in shares of Comfort Systems USA during the 1st quarter valued at about $74,634,000. Voya Investment Management LLC raised its stake in shares of Comfort Systems USA by 824.2% during the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock worth $98,985,000 after buying an additional 208,283 shares during the period. Bain Capital Public Equity Management II LLC raised its stake in shares of Comfort Systems USA by 307.2% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock worth $87,239,000 after buying an additional 155,204 shares during the period. Finally, Artemis Investment Management LLP raised its stake in shares of Comfort Systems USA by 147.4% during the 1st quarter. Artemis Investment Management LLP now owns 248,238 shares of the construction company's stock worth $80,015,000 after buying an additional 147,885 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Transactions at Comfort Systems USA

In related news, Director Darcy Anderson sold 8,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the sale, the director directly owned 26,535 shares of the company's stock, valued at $13,448,468.70. This represents a 23.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Julie Shaeff sold 1,369 shares of Comfort Systems USA stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total value of $964,460.50. Following the completion of the transaction, the chief accounting officer owned 16,023 shares in the company, valued at $11,288,203.50. The trade was a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,205 shares of company stock worth $20,932,366 over the last quarter. Insiders own 1.59% of the company's stock.

Comfort Systems USA Trading Down 0.7%

NYSE:FIX traded down $4.7380 on Friday, hitting $689.2620. 525,671 shares of the stock were exchanged, compared to its average volume of 467,026. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $733.24. The stock has a market cap of $24.32 billion, a PE ratio of 35.42 and a beta of 1.49. The stock has a fifty day moving average of $598.23 and a 200-day moving average of $466.79.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm earned $3.74 EPS. Comfort Systems USA's quarterly revenue was up 20.1% on a year-over-year basis. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be issued a $0.50 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. Comfort Systems USA's dividend payout ratio (DPR) is 10.28%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Zacks Research upgraded Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. UBS Group increased their price target on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Stifel Nicolaus increased their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, DA Davidson raised their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $635.60.

Comfort Systems USA 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.