Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Comfort Systems USA, Inc. $FIX

Key Points

• Teachers Retirement System of The State of Kentucky cut its stake by 74.6% in Comfort Systems USA, selling 8,436 shares and leaving it with 2,878 shares valued at about $2,686,000 at the end of the quarter.
• Other large institutions strengthened positions—Vanguard increased holdings by 17% to 4,310,126 shares (≈$4.02B) and JPMorgan boosted its stake 36.8%—and institutional investors now own 96.51% of the stock.
• Comfort Systems reported blowout results (EPS $10.51 vs $6.81 estimate; revenue $2.87B, up 56.5% YoY) and raised its quarterly dividend to $0.80 ($3.20 annual), while consensus analyst target is about $1,923.20 (Moderate Buy).

Teachers Retirement System of The State of Kentucky cut its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 74.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,878 shares of the construction company's stock after selling 8,436 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Comfort Systems USA were worth $2,686,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Comfort Systems USA by 17.0% during the fourth quarter. Vanguard Group Inc. now owns 4,310,126 shares of the construction company's stock worth $4,022,597,000 after purchasing an additional 625,567 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Comfort Systems USA by 36.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 734,519 shares of the construction company's stock worth $606,117,000 after buying an additional 197,613 shares in the last quarter. AMF Tjanstepension AB acquired a new stake in Comfort Systems USA in the 3rd quarter valued at about $156,183,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Comfort Systems USA by 1,189.1% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 148,312 shares of the construction company's stock valued at $79,525,000 after acquiring an additional 136,807 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Comfort Systems USA by 29.8% during the third quarter. First Trust Advisors LP now owns 513,257 shares of the construction company's stock worth $423,529,000 after acquiring an additional 117,892 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Analysts Set New Price Targets

FIX has been the subject of a number of recent research reports. Glj Research began coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They set a "buy" rating and a $2,001.00 price objective for the company. Weiss Ratings reissued a "buy (b)" rating on shares of Comfort Systems USA in a report on Monday, April 20th. Stifel Nicolaus lifted their price objective on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a "buy" rating in a research report on Thursday, April 16th. Zacks Research lowered shares of Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a report on Friday. Finally, Wall Street Zen cut shares of Comfort Systems USA from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 3rd. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of "Moderate Buy" and a consensus price target of $1,923.20.

Comfort Systems USA Stock Performance

NYSE FIX opened at $1,797.88 on Tuesday. The business's 50-day moving average price is $1,472.62 and its 200 day moving average price is $1,171.61. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. Comfort Systems USA, Inc. has a twelve month low of $380.00 and a twelve month high of $1,829.66. The company has a market capitalization of $63.29 billion, a PE ratio of 51.87 and a beta of 1.60.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 EPS for the quarter, beating analysts' consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The company had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company posted $4.75 EPS. The company's quarterly revenue was up 56.5% compared to the same quarter last year. On average, research analysts predict that Comfort Systems USA, Inc. will post 37.06 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, May 15th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.70. Comfort Systems USA's payout ratio is currently 8.08%.

Insiders Place Their Bets

In other Comfort Systems USA news, CFO William George III sold 9,000 shares of the business's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the completion of the sale, the chief financial officer owned 37,824 shares of the company's stock, valued at approximately $54,276,305.28. The trade was a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darcy Anderson sold 4,500 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the completion of the transaction, the director owned 18,035 shares in the company, valued at approximately $24,703,260.90. This trade represents a 19.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 37,288 shares of company stock worth $53,677,038. Corporate insiders own 1.24% of the company's stock.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.

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