Teacher Retirement System of Texas Sells 3,646 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

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

A number of other large investors have also recently bought and sold shares of FIX. Tradewinds Capital Management LLC boosted its stake in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after acquiring an additional 27 shares in the last quarter. 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. EverSource Wealth Advisors LLC boosted its position in Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after purchasing an additional 77 shares during the period. Colonial Trust Co SC boosted its position in Comfort Systems USA by 352.6% during the fourth 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 period. Finally, Rothschild Investment LLC boosted its position in Comfort Systems USA by 106.9% during the first quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock worth $39,000 after purchasing an additional 62 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FIX. Wall Street Zen downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday. DA Davidson upped their price target on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a report on Monday, June 30th. Finally, Stifel Nicolaus increased their target price on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $558.80.

Comfort Systems USA Stock Down 2.3%

NYSE FIX opened at $529.10 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. The firm has a 50-day simple moving average of $485.02 and a 200 day simple moving average of $425.12. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The stock has a market cap of $18.67 billion, a PE ratio of 31.74 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company earned $2.69 EPS. The company's quarterly revenue was up 19.1% on a year-over-year basis. On average, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a $0.45 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.34%. The ex-dividend date was Friday, May 16th. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Insider Transactions at Comfort Systems USA

In other news, Director Vance W. Tang sold 500 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the transaction, the director directly owned 4,998 shares of the company's stock, valued at approximately $2,109,156. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 198,046 shares of the company's stock, valued at $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock valued at $18,696,795 over the last 90 days. Corporate insiders own 1.59% of the company's stock.

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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