New Mexico Educational Retirement Board Invests $1.52 Million in Comfort Systems USA, Inc. (NYSE:FIX)

New Mexico Educational Retirement Board purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,400 shares of the construction company's stock, valued at approximately $1,522,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new position in Comfort Systems USA during the 2nd quarter worth about $35,000. AdvisorNet Financial Inc lifted its position in Comfort Systems USA by 2,410.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company's stock valued at $43,000 after purchasing an additional 241 shares during the period. Pinebridge Investments L.P. acquired a new position in Comfort Systems USA during the 2nd quarter valued at about $55,000. VisionPoint Advisory Group LLC acquired a new position in Comfort Systems USA during the 3rd quarter valued at about $59,000. Finally, Meeder Asset Management Inc. lifted its position in Comfort Systems USA by 172.9% during the 4th quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company's stock valued at $42,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FIX. KeyCorp began coverage on shares of Comfort Systems USA in a research report on Wednesday, January 10th. They set a "sector weight" rating on the stock. UBS Group upped their target price on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. DA Davidson upped their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. Finally, StockNews.com downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Wednesday, March 27th.

Insider Buying and Selling

In related news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the sale, the director now directly owns 13,787 shares of the company's stock, valued at approximately $4,135,548.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the sale, the director now directly owns 13,787 shares of the company's stock, valued at approximately $4,135,548.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Darcy Anderson sold 3,800 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $316.60, for a total value of $1,203,080.00. Following the sale, the director now directly owns 43,741 shares of the company's stock, valued at $13,848,400.60. The disclosure for this sale can be found here. In the last three months, insiders sold 46,614 shares of company stock valued at $13,739,345. 2.20% of the stock is owned by corporate insiders.

Comfort Systems USA Trading Up 0.6 %

Shares of NYSE:FIX traded up $1.78 during mid-day trading on Monday, reaching $319.49. The stock had a trading volume of 287,618 shares, compared to its average volume of 361,821. The firm has a market cap of $11.40 billion, a PE ratio of 35.50 and a beta of 1.19. The firm has a 50 day simple moving average of $272.85 and a two-hundred day simple moving average of $217.31. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a twelve month low of $127.09 and a twelve month high of $329.43.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.40. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.33 billion. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. Comfort Systems USA's revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. On average, research analysts predict that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 dividend on an annualized basis and a yield of 0.31%. Comfort Systems USA's payout ratio is 11.11%.

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.