Comfort Systems USA, Inc. $FIX Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 17.8% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 78,113 shares of the construction company’s stock after acquiring an additional 11,829 shares during the quarter. California Public Employees Retirement System’s holdings in Comfort Systems USA were worth $107,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Core Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA in the 4th quarter worth $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Comfort Systems USA during the 4th quarter worth $33,000. Farmers & Merchants Investments Inc. boosted its position in shares of Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after acquiring an additional 9 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in shares of Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after acquiring an additional 10 shares during the last quarter. Finally, ORG Partners LLC grew its holdings in shares of Comfort Systems USA by 63.0% in the fourth quarter. ORG Partners LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,667.28 on Friday. The firm has a 50-day simple moving average of $1,861.34 and a two-hundred day simple moving average of $1,540.19. The stock has a market cap of $58.69 billion, a PE ratio of 48.10 and a beta of 1.66. Comfort Systems USA, Inc. has a 1-year low of $513.99 and a 1-year high of $2,073.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.24 and a quick ratio of 1.21.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm had revenue of $2.87 billion during the quarter, compared to analysts’ expectations of $2.39 billion. During the same quarter last year, the company posted $4.75 EPS. The firm’s quarterly revenue was up 56.5% on a year-over-year basis. As a group, analysts forecast that Comfort Systems USA, Inc. will post 43.39 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Analyst Upgrades and Downgrades

FIX has been the subject of several recent analyst reports. Glj Research assumed coverage on shares of Comfort Systems USA in a research report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price objective for the company. Erste Group Bank lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Finally, KeyCorp upgraded shares of Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a report on Friday, April 24th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,015.43.

Insider Buying and Selling at Comfort Systems USA

In other news, Director William J. Sandbrook sold 1,500 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the completion of the transaction, the director directly owned 7,666 shares in the company, valued at $13,282,648.22. This trade represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 11,113 shares of Comfort Systems USA stock in a transaction on 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 completion of the sale, the insider directly owned 161,089 shares of the company’s stock, valued at $317,319,555.76. The trade was a 6.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 30,778 shares of company stock valued at $59,746,124. Corporate insiders own 1.24% of the company’s stock.

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.