Public Employees Retirement Association of Colorado Reduces Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Public Employees Retirement Association of Colorado reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 19.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,650 shares of the construction company's stock after selling 19,158 shares during the period. Public Employees Retirement Association of Colorado owned 0.22% of Comfort Systems USA worth $32,928,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FIX. Quarry LP grew its holdings in Comfort Systems USA by 87.1% during the 4th quarter. Quarry LP now owns 376 shares of the construction company's stock worth $159,000 after acquiring an additional 175 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Comfort Systems USA by 131.1% during the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock valued at $45,000 after purchasing an additional 59 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in Comfort Systems USA during the fourth quarter valued at approximately $318,000. Susquehanna Fundamental Investments LLC bought a new position in Comfort Systems USA in the fourth quarter worth approximately $40,934,000. Finally, Nebula Research & Development LLC lifted its holdings in Comfort Systems USA by 117.6% during the fourth quarter. Nebula Research & Development LLC now owns 3,198 shares of the construction company's stock worth $1,356,000 after buying an additional 1,728 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FIX has been the topic of a number of analyst reports. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a report on Monday, February 24th. DA Davidson lifted their target price on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday. Stifel Nicolaus decreased their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, StockNews.com downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Comfort Systems USA currently has an average rating of "Moderate Buy" and a consensus target price of $517.60.

Comfort Systems USA Stock Up 4.6 %

Comfort Systems USA stock traded up $19.04 during midday trading on Friday, reaching $437.09. The company's stock had a trading volume of 259,045 shares, compared to its average volume of 440,940. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market capitalization of $15.42 billion, a P/E ratio of 29.95 and a beta of 1.27. The stock's 50-day simple moving average is $348.07 and its 200-day simple moving average is $411.91. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the firm earned $2.69 EPS. Comfort Systems USA's revenue was up 19.1% compared to the same quarter last year. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is presently 10.80%.

Insider Activity

In other news, Director Vance W. Tang sold 500 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the sale, the director now directly owns 4,998 shares of the company's stock, valued at $2,109,156. This represents a 9.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.59% 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.