Retirement Systems of Alabama Takes $9.20 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Retirement Systems of Alabama acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 44,731 shares of the construction company's stock, valued at approximately $9,200,000. Retirement Systems of Alabama owned approximately 0.13% of Comfort Systems USA at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. AE Wealth Management LLC lifted its position in shares of Comfort Systems USA by 22.2% in the 3rd quarter. AE Wealth Management LLC now owns 1,714 shares of the construction company's stock worth $292,000 after buying an additional 311 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of Comfort Systems USA in the 3rd quarter worth about $3,212,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Comfort Systems USA by 18.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,421 shares of the construction company's stock worth $1,265,000 after buying an additional 1,175 shares during the last quarter. Advisor Partners II LLC lifted its position in shares of Comfort Systems USA by 73.6% in the 3rd quarter. Advisor Partners II LLC now owns 3,334 shares of the construction company's stock worth $568,000 after buying an additional 1,414 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Comfort Systems USA in the 3rd quarter worth about $930,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the transaction, the chief financial officer now owns 62,471 shares of the company's stock, valued at approximately $17,426,285.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO William George III sold 8,429 shares of Comfort Systems USA stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $278.95, for a total value of $2,351,269.55. Following the transaction, the chief financial officer now directly owns 62,471 shares of the company's stock, valued at $17,426,285.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA 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 transaction, the director now directly owns 13,787 shares in the company, valued at $4,135,548.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,614 shares of company stock worth $13,739,345. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. UBS Group lifted 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 report on Thursday, February 15th. DA Davidson lifted 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 report on Wednesday, February 28th. KeyCorp assumed coverage on shares of Comfort Systems USA in a research report on Wednesday, January 10th. They issued a "sector weight" rating on the stock. Finally, StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Thursday, April 4th.

Comfort Systems USA Price Performance

Shares of FIX stock traded up $7.27 during midday trading on Friday, reaching $314.98. 363,856 shares of the company were exchanged, compared to its average volume of 355,442. Comfort Systems USA, Inc. has a 12 month low of $144.45 and a 12 month high of $335.25. The company has a market cap of $11.25 billion, a P/E ratio of 31.19 and a beta of 1.20. The company's 50 day moving average price is $308.87 and its two-hundred day moving average price is $239.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm earned $1.51 EPS. Comfort Systems USA's revenue was up 30.8% on a year-over-year basis. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.38%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, May 10th. Comfort Systems USA's payout ratio is 11.88%.

Comfort Systems USA 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.