State of Alaska Department of Revenue Sells 18,411 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

State of Alaska Department of Revenue reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 82.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,860 shares of the construction company's stock after selling 18,411 shares during the period. State of Alaska Department of Revenue's holdings in Comfort Systems USA were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FIX. Point72 Asset Management L.P. acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $35,000. Brown Brothers Harriman & Co. grew its position in Comfort Systems USA by 2,814.3% during the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company's stock worth $36,000 after buying an additional 394 shares in the last quarter. Meeder Asset Management Inc. increased its stake 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 worth $42,000 after acquiring an additional 230 shares during the period. AdvisorNet Financial Inc raised its holdings in Comfort Systems USA by 2,410.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company's stock valued at $43,000 after acquiring an additional 241 shares in the last quarter. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $59,000. 96.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FIX has been the topic of a number of recent analyst reports. DA Davidson raised their price target on Comfort Systems USA from $200.00 to $350.00 and gave the stock a "buy" rating in a research report on Wednesday, February 28th. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Thursday, April 4th. UBS Group upped their price target on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Finally, 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.

Comfort Systems USA Price Performance

Comfort Systems USA stock traded up $6.50 during midday trading on Thursday, reaching $310.26. The company's stock had a trading volume of 287,280 shares, compared to its average volume of 356,217. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03. The stock has a market cap of $11.07 billion, a PE ratio of 34.47 and a beta of 1.19. Comfort Systems USA, Inc. has a 52 week low of $128.98 and a 52 week high of $335.25. The business has a 50-day moving average price of $289.21 and a 200-day moving average price of $224.29.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted 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 company 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%. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the company posted $1.54 EPS. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.

Comfort Systems USA Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, March 8th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 0.32%. Comfort Systems USA's dividend payout ratio (DPR) is presently 11.11%.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the transaction, the chief financial officer now directly owns 62,471 shares in the company, valued at $17,426,285.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Comfort Systems USA news, CFO William George III sold 8,429 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the sale, the chief financial officer now directly owns 62,471 shares of the company's stock, valued at approximately $17,426,285.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Constance Ellen Skidmore sold 3,000 shares of the company's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $299.96, for a total transaction of $899,880.00. Following the completion of the transaction, the director now owns 13,787 shares of the company's stock, valued at $4,135,548.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,614 shares of company stock worth $13,739,345. Insiders own 2.20% 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.