California State Teachers Retirement System Sells 1,108 Shares of Comfort Systems USA, Inc. $FIX

California State Teachers Retirement System decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 2.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 54,276 shares of the construction company’s stock after selling 1,108 shares during the period. California State Teachers Retirement System’s holdings in Comfort Systems USA were worth $74,846,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in shares of Comfort Systems USA by 24.6% during the 1st quarter. Royal Bank of Canada now owns 146,195 shares of the construction company’s stock worth $201,601,000 after acquiring an additional 28,829 shares during the period. Empowered Funds LLC increased its stake in Comfort Systems USA by 5.4% in the first quarter. Empowered Funds LLC now owns 35,511 shares of the construction company’s stock valued at $48,969,000 after acquiring an additional 1,805 shares during the period. Engle Capital Management L.P. increased its stake in Comfort Systems USA by 12.0% in the first quarter. Engle Capital Management L.P. now owns 8,400 shares of the construction company’s stock valued at $11,584,000 after acquiring an additional 900 shares during the period. Quantinno Capital Management LP raised its position in Comfort Systems USA by 19.5% in the first quarter. Quantinno Capital Management LP now owns 12,879 shares of the construction company’s stock worth $17,761,000 after purchasing an additional 2,106 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in Comfort Systems USA by 12.5% in the first quarter. Lazard Asset Management LLC now owns 66,710 shares of the construction company’s stock worth $91,992,000 after purchasing an additional 7,438 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the transaction, the director owned 62,115 shares in the company, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO William George III sold 1,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $2,020.96, for a total value of $2,020,960.00. Following the completion of the transaction, the chief financial officer directly owned 32,804 shares in the company, valued at approximately $66,295,571.84. This represents a 2.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 28,778 shares of company stock worth $56,257,229 over the last 90 days. Company insiders own 1.24% of the company’s stock.

Analysts Set New Price Targets

FIX has been the subject of a number of analyst reports. 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. UBS Group upped their price objective on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus set a $1,910.00 target price on Comfort Systems USA in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Friday, July 17th. Finally, Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $2,057.86.

Comfort Systems USA Trading Up 11.4%

Shares of FIX stock opened at $1,693.80 on Friday. The company has a market capitalization of $59.60 billion, a P/E ratio of 41.66 and a beta of 1.66. Comfort Systems USA, Inc. has a 12-month low of $655.96 and a 12-month high of $2,073.99. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $1,820.00 and a 200 day moving average price of $1,590.13.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $12.53 earnings per share for the quarter, topping the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The company’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.53 earnings per share. Research analysts forecast that Comfort Systems USA, Inc. will post 46.77 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Thursday, August 13th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. Comfort Systems USA’s dividend payout ratio (DPR) is presently 7.87%.

Trending Headlines about Comfort Systems USA

Here are the key news stories impacting Comfort Systems USA this week:

• Positive Sentiment: Zacks upgraded Comfort Systems USA to a #1 (Strong Buy) rating, citing growing optimism about the company’s earnings prospects. A separate Zacks Research update also moved the stock from “Hold” to “Strong Buy,” potentially increasing buying interest. Zacks rating upgrade article
• Positive Sentiment: Analysts are raising profit expectations. Erste Group Bank increased its FY2027 EPS estimate to $58.31 from $56.00, while broader upward earnings-estimate revisions are supporting the investment case. MarketBeat analyst estimate report
• Positive Sentiment: Growth-focused coverage remains favorable. Zacks highlighted Comfort Systems’ solid growth characteristics and described it as a potential long-term market-beating stock. The company’s latest reported quarter also showed strong momentum, with revenue up 50.3% year over year and EPS well above consensus estimates. Zacks growth stock article
• Positive Sentiment: Technical signals have improved. A recently formed hammer chart pattern suggests the stock found support after its pullback, while positive earnings revisions could help drive a near-term trend reversal. Zacks technical analysis article
• Neutral Sentiment: Comfort Systems USA is also among the most-watched stocks on Zacks, increasing visibility but not necessarily indicating a change in the company’s fundamentals. Zacks trending stock article

Comfort Systems USA 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.