Strs Ohio Buys New Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Strs Ohio has made a new investment in Comfort Systems USA, purchasing 2,536 shares valued at approximately $817,000 during the first quarter.
• Several large investors have also increased their positions in Comfort Systems USA, indicating significant interest in the stock.
• Comfort Systems USA recently declared a quarterly dividend increase from $0.45 to $0.50, resulting in an annualized yield of 0.3%.

Strs Ohio acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,536 shares of the construction company's stock, valued at approximately $817,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. WBI Investments LLC lifted its holdings in Comfort Systems USA by 26.9% during the 1st quarter. WBI Investments LLC now owns 628 shares of the construction company's stock valued at $202,000 after buying an additional 133 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Comfort Systems USA by 21.2% in the 1st quarter. Intech Investment Management LLC now owns 49,022 shares of the construction company's stock worth $15,801,000 after buying an additional 8,569 shares during the last quarter. Focus Partners Wealth grew its position in shares of Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company's stock worth $741,000 after buying an additional 1,208 shares during the last quarter. Empowered Funds LLC increased its stake in Comfort Systems USA by 1,155.2% during the 1st quarter. Empowered Funds LLC now owns 34,004 shares of the construction company's stock valued at $10,961,000 after purchasing an additional 31,295 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in Comfort Systems USA during the 1st quarter valued at approximately $753,000. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

FIX stock traded down $3.13 on Tuesday, hitting $818.50. The company's stock had a trading volume of 19,081 shares, compared to its average volume of 461,559. The firm has a 50 day moving average of $689.37 and a two-hundred day moving average of $519.66. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $825.00. The stock has a market cap of $28.88 billion, a price-to-earnings ratio of 42.04 and a beta of 1.54. 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 (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the firm earned $3.74 EPS. Comfort Systems USA's quarterly revenue was up 20.1% on a year-over-year basis. Equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were issued a $0.50 dividend. The ex-dividend date was Thursday, August 14th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 0.2%. Comfort Systems USA's payout ratio is 10.28%.

Insider Buying and Selling

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,078 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the sale, the director owned 6,500 shares of the company's stock, valued at $4,523,220. This trade represents a 14.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the director directly owned 11,666 shares of the company's stock, valued at approximately $8,557,710.96. This represents a 6.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock valued at $18,710,798 over the last three months. Company insiders own 1.59% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FIX. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. DA Davidson increased their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Finally, William Blair began coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an "outperform" rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $668.60.

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.