Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $7.64 Million Holdings in Comfort Systems USA, Inc. $FIX

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 9.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,186 shares of the construction company’s stock after selling 849 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Comfort Systems USA were worth $7,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIX. NewEdge Advisors LLC boosted its stake in Comfort Systems USA by 41.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock worth $1,100,000 after purchasing an additional 993 shares during the period. Focus Partners Wealth boosted its stake in shares of Comfort Systems USA by 110.6% during the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after buying an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Comfort Systems USA by 40.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after buying an additional 313 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Comfort Systems USA during the 2nd quarter worth about $567,000. Finally, Sei Investments Co. boosted its stake in shares of Comfort Systems USA by 69.2% during the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after buying an additional 17,839 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a research note on Friday, April 24th. Glj Research assumed coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective for the company. Oppenheimer assumed coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective for the company. UBS Group increased their price objective on shares of Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $1,969.33.

Comfort Systems USA Stock Up 5.5%

Shares of FIX stock opened at $1,885.87 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.21 and a current ratio of 1.24. The firm’s 50-day moving average is $1,699.15 and its 200-day moving average is $1,330.69. The stock has a market cap of $66.38 billion, a price-to-earnings ratio of 54.41 and a beta of 1.65. Comfort Systems USA, Inc. has a 52-week low of $469.16 and a 52-week high of $2,073.99.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. Comfort Systems USA’s quarterly revenue was up 56.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.75 EPS. Sell-side analysts predict that Comfort Systems USA, Inc. will post 43.38 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Friday, May 15th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, May 15th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.70. Comfort Systems USA’s payout ratio is currently 9.23%.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 11,113 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $1,969.84, for a total value of $21,890,831.92. Following the sale, the insider directly owned 161,089 shares of the company’s stock, valued at approximately $317,319,555.76. This represents a 6.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Julie Shaeff sold 1,123 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $2,000.37, for a total transaction of $2,246,415.51. Following the completion of the sale, the chief accounting officer directly owned 12,624 shares in the company, valued at approximately $25,252,670.88. The trade was a 8.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 24,078 shares of company stock worth $46,651,175 in the last 90 days. 1.24% of the stock is owned by corporate insiders.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.