State of Michigan Retirement System Buys New Stake in Comfort Systems USA, Inc. (NYSE:FIX)

State of Michigan Retirement System bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,600 shares of the construction company's stock, valued at approximately $1,769,000.

A number of other large investors have also recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new stake in shares of Comfort Systems USA in the second quarter valued at approximately $35,000. Brown Brothers Harriman & Co. increased its stake in shares of Comfort Systems USA by 2,814.3% in the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company's stock valued at $36,000 after purchasing an additional 394 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Comfort Systems USA by 172.9% in the fourth 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. AdvisorNet Financial Inc increased its stake in shares of Comfort Systems USA by 2,410.0% in the third 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. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $59,000. Institutional investors own 96.51% of the company's stock.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $299.96, for a total value of $899,880.00. Following the transaction, the director now owns 13,787 shares in the company, valued at $4,135,548.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Comfort Systems USA news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $299.96, for a total value of $899,880.00. Following the transaction, the director now owns 13,787 shares in the company, valued at $4,135,548.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the transaction, the chief financial officer now owns 62,471 shares in the company, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,614 shares of company stock worth $13,739,345. 2.48% of the stock is owned by insiders.

Comfort Systems USA Price Performance

Shares of NYSE FIX traded up $10.90 during mid-day trading on Friday, reaching $323.40. 303,935 shares of the company traded hands, compared to its average volume of 363,342. Comfort Systems USA, Inc. has a fifty-two week low of $127.09 and a fifty-two week high of $335.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. The firm has a market cap of $11.54 billion, a PE ratio of 35.93 and a beta of 1.19. The stock has a fifty day simple moving average of $281.91 and a 200-day simple moving average of $220.80.

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

Comfort Systems USA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a $0.25 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.00 annualized dividend and a yield of 0.31%. Comfort Systems USA's dividend payout ratio (DPR) is 11.11%.

Analysts Set New Price Targets

Several equities research analysts have commented on FIX shares. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Thursday. KeyCorp assumed coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They issued a "sector weight" rating on the stock. DA Davidson raised their price objective on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a "buy" rating in a research note on Wednesday, February 28th. Finally, UBS Group raised their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th.

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.