Arizona State Retirement System Has $3.04 Million Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Arizona State Retirement System boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,990 shares of the construction company’s stock after acquiring an additional 175 shares during the quarter. Arizona State Retirement System’s holdings in Comfort Systems USA were worth $3,038,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in shares of Comfort Systems USA in the first quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Comfort Systems USA in the second quarter valued at about $41,000. Rise Advisors LLC bought a new position in shares of Comfort Systems USA during the first quarter worth about $44,000. Headlands Technologies LLC acquired a new position in shares of Comfort Systems USA in the first quarter worth approximately $65,000. Finally, National Bank of Canada FI boosted its holdings in Comfort Systems USA by 236.5% in the second quarter. National Bank of Canada FI now owns 212 shares of the construction company’s stock valued at $62,000 after acquiring an additional 149 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now directly owns 219,205 shares of the company’s stock, valued at $72,239,007.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Comfort Systems USA news, CFO William George III sold 5,845 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $332.16, for a total value of $1,941,475.20. Following the transaction, the chief financial officer now owns 55,099 shares in the company, valued at $18,301,683.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total value of $4,943,250.00. Following the completion of the sale, the insider now directly owns 219,205 shares of the company’s stock, valued at approximately $72,239,007.75. The disclosure for this sale can be found here. Insiders have sold a total of 24,391 shares of company stock valued at $8,076,855 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Comfort Systems USA Stock Performance

FIX stock opened at $309.40 on Tuesday. The firm has a market cap of $11.04 billion, a PE ratio of 30.63 and a beta of 1.13. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average price of $318.81 and a 200-day moving average price of $316.55. Comfort Systems USA, Inc. has a 1-year low of $151.89 and a 1-year high of $359.33.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.60. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the previous year, the company posted $1.93 earnings per share. The firm’s revenue for the quarter was up 39.6% on a year-over-year basis. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.39%. Comfort Systems USA’s payout ratio is presently 11.88%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Wednesday, June 19th.

Comfort Systems USA Company Profile

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.