Teacher Retirement System of Texas Has $3.18 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Teacher Retirement System of Texas decreased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 27.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,861 shares of the construction company's stock after selling 3,646 shares during the quarter. Teacher Retirement System of Texas' holdings in Comfort Systems USA were worth $3,178,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIX. Tradewinds Capital Management LLC increased its position in shares of Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after acquiring an additional 27 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after acquiring an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after acquiring an additional 77 shares during the last quarter. Colonial Trust Co SC increased its position in shares of Comfort Systems USA by 352.6% in the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after acquiring an additional 67 shares during the last quarter. Finally, Rothschild Investment LLC increased its position in shares of Comfort Systems USA by 106.9% in the first quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock valued at $39,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock traded up $6.34 on Friday, hitting $540.11. The stock had a trading volume of 262,035 shares, compared to its average volume of 413,418. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The business's 50 day moving average is $490.08 and its two-hundred day moving average is $426.56. 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 stock has a market cap of $19.05 billion, a price-to-earnings ratio of 32.40 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. Analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a dividend of $0.45 per share. The ex-dividend date was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.33%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Insider Buying and Selling 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 stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William George III sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the sale, the chief financial officer directly owned 47,473 shares in the company, valued at $22,317,532.03. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,800 shares of company stock valued at $18,696,795 over the last ninety days. 1.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. DA Davidson boosted their price target on Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Finally, Stifel Nicolaus boosted their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of "Moderate Buy" and an average price target of $572.60.

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.