Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 46.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,051 shares of the construction company's stock after selling 29,182 shares during the period. New York State Common Retirement Fund owned 0.09% of Comfort Systems USA worth $6,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Byrne Asset Management LLC bought a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $26,000. VisionPoint Advisory Group LLC bought a new position in shares of Comfort Systems USA during the third quarter valued at approximately $59,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Comfort Systems USA during the third quarter valued at approximately $119,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $125,000. Finally, First Trust Direct Indexing L.P. bought a new position in shares of Comfort Systems USA during the third quarter valued at approximately $206,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FIX has been the topic of several research analyst reports. DA Davidson increased their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Thursday, April 4th. KeyCorp initiated coverage on Comfort Systems USA in a research note on Wednesday, January 10th. They issued a "sector weight" rating on the stock. Finally, UBS Group increased their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th.

Insider Activity

In other news, Director Pablo G. Mercado sold 1,200 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $283.17, for a total transaction of $339,804.00. Following the completion of the sale, the director now owns 11,038 shares in the company, valued at approximately $3,125,630.46. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, COO T Mckenna Trent sold 14,185 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the transaction, the chief operating officer now owns 22,644 shares in the company, valued at approximately $6,307,486.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Pablo G. Mercado sold 1,200 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $283.17, for a total value of $339,804.00. Following the completion of the transaction, the director now owns 11,038 shares of the company's stock, valued at approximately $3,125,630.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,614 shares of company stock worth $13,739,345. Insiders own 1.80% of the company's stock.

Comfort Systems USA Stock Up 2.4 %

NYSE FIX traded up $7.32 during midday trading on Friday, hitting $315.03. 363,883 shares of the company traded hands, compared to its average volume of 345,743. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.92. The company has a market cap of $11.25 billion, a PE ratio of 31.19 and a beta of 1.20. The company's 50-day simple moving average is $308.87 and its 200-day simple moving average is $239.97. Comfort Systems USA, Inc. has a 52 week low of $144.45 and a 52 week high of $335.25.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the firm earned $1.51 EPS. The business's revenue for the quarter was up 30.8% on a year-over-year basis. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Friday, May 10th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.25. Comfort Systems USA's dividend payout ratio is currently 9.90%.

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.