California Public Employees Retirement System Increases Stock Holdings in Comfort Systems USA, Inc. $FIX

California Public Employees Retirement System raised its position in Comfort Systems USA, Inc. (NYSE:FIX) by 6.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,896 shares of the construction company’s stock after acquiring an additional 4,001 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Comfort Systems USA worth $33,725,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brown Advisory Inc. increased its position in shares of Comfort Systems USA by 2,271.3% during the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock worth $8,863,000 after acquiring an additional 15,831 shares during the period. Ameritas Advisory Services LLC acquired a new position in Comfort Systems USA during the 2nd quarter worth $27,000. Lifestyle Asset Management Inc. grew its stake in Comfort Systems USA by 314.1% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 3,876 shares of the construction company’s stock worth $2,078,000 after purchasing an additional 2,940 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new stake in Comfort Systems USA during the 2nd quarter worth about $298,000. Finally, Redhawk Wealth Advisors Inc. raised its position in Comfort Systems USA by 19.2% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 5,017 shares of the construction company’s stock valued at $2,690,000 after purchasing an additional 809 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,019.79 on Thursday. The stock’s 50-day moving average is $917.26 and its two-hundred day moving average is $729.35. The firm has a market cap of $35.97 billion, a price-to-earnings ratio of 43.17 and a beta of 1.64. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,036.67. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, November 13th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio is presently 10.16%.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 7,158 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total transaction of $6,785,640.84. Following the completion of the sale, the insider owned 180,888 shares in the company, valued at $171,478,206.24. This represents a 3.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darcy Anderson sold 4,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the transaction, the director directly owned 22,535 shares in the company, valued at $21,604,755.20. The trade was a 15.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 26,028 shares of company stock worth $25,381,151 over the last 90 days. Company insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of analyst reports. DA Davidson set a $810.00 price objective on Comfort Systems USA in a research report on Friday, October 24th. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. UBS Group boosted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and an average target price of $892.75.

About Comfort Systems USA

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.