Comfort Systems USA, Inc. (NYSE:FIX) Stake Cut by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 34.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,362 shares of the construction company’s stock after selling 7,154 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Comfort Systems USA were worth $4,064,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

Comfort Systems USA Stock Up 0.7 %

Comfort Systems USA stock opened at $350.12 on Tuesday. The company has a market capitalization of $12.51 billion, a P/E ratio of 34.67 and a beta of 1.13. The firm’s fifty day simple moving average is $322.12 and its 200-day simple moving average is $318.20. The company has a current ratio of 1.00, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05. 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 released its quarterly earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.60. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.69 billion. Comfort Systems USA had a net margin of 7.02% and a return on equity of 31.49%. Comfort Systems USA’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.93 EPS. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current fiscal year.

Comfort Systems USA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.34%. Comfort Systems USA’s dividend payout ratio is currently 11.88%.

Insider Activity

In related news, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the transaction, the director now owns 37,193 shares in the company, valued at approximately $12,503,914.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 transaction, the insider now owns 219,205 shares in the company, valued at approximately $72,239,007.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the completion of the transaction, the director now owns 37,193 shares in the company, valued at approximately $12,503,914.67. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,391 shares of company stock worth $8,076,855. 1.80% of the stock is owned by corporate insiders.

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.