Retirement Systems of Alabama Reduces Stock Position in Comfort Systems USA, Inc. $FIX
by Doug Wharley · The Cerbat GemRetirement Systems of Alabama trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 87.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,912 shares of the construction company’s stock after selling 67,457 shares during the period. Retirement Systems of Alabama’s holdings in Comfort Systems USA were worth $9,251,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in FIX. Private Advisor Group LLC lifted its position in shares of Comfort Systems USA by 50.1% during the third quarter. Private Advisor Group LLC now owns 7,781 shares of the construction company’s stock worth $6,420,000 after purchasing an additional 2,598 shares during the last quarter. Caerus Investment Advisors LLC bought a new stake in Comfort Systems USA in the third quarter valued at about $767,000. Private Client Services LLC raised its stake in Comfort Systems USA by 624.4% during the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after buying an additional 2,354 shares in the last quarter. Brown Advisory Inc. raised its stake in 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 valued at $8,863,000 after buying an additional 15,831 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Comfort Systems USA by 19.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,277 shares of the construction company’s stock worth $12,474,000 after buying an additional 2,461 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Comfort Systems USA news, insider Brian E. Lane sold 9,365 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total transaction of $13,608,468.80. Following the completion of the transaction, the insider directly owned 171,523 shares of the company’s stock, valued at $249,243,501.76. The trade was a 5.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Terrence Reed sold 1,116 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $1,397.33, for a total transaction of $1,559,420.28. Following the completion of the transaction, the senior vice president owned 2,834 shares of the company’s stock, valued at approximately $3,960,033.22. This trade represents a 28.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several research analysts have recently commented on FIX shares. Stifel Nicolaus set a $1,611.00 target price on Comfort Systems USA in a research report on Monday, February 23rd. Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. UBS Group reaffirmed a “buy” rating and issued a $1,310.00 price objective on shares of Comfort Systems USA in a report on Monday, February 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, January 21st. Finally, DA Davidson increased their target price on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $1,573.67.
Check Out Our Latest Stock Report on FIX
Comfort Systems USA Stock Down 0.0%
NYSE:FIX opened at $1,416.96 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $1,340.54 and a 200-day moving average of $1,075.19. The firm has a market capitalization of $49.84 billion, a PE ratio of 49.03 and a beta of 1.60. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $1,500.00.
Comfort Systems USA (NYSE:FIX – Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.75 by $2.62. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the business posted $4.09 EPS. The business’s revenue was up 41.7% on a year-over-year basis. Analysts predict 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 was paid on Tuesday, March 17th. Stockholders of record on Friday, March 6th were given a dividend of $0.70 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, March 6th. Comfort Systems USA’s payout ratio is currently 9.69%.
Comfort Systems USA Company Profile
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.