Public Employees Retirement Association of Colorado Reduces Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Public Employees Retirement Association of Colorado decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,057 shares of the construction company’s stock after selling 16,515 shares during the quarter. Public Employees Retirement Association of Colorado owned 0.27% of Comfort Systems USA worth $29,517,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FIX. Opal Wealth Advisors LLC purchased a new position in Comfort Systems USA during the second quarter valued at approximately $41,000. Rise Advisors LLC purchased a new position in Comfort Systems USA during the first quarter valued at approximately $44,000. National Bank of Canada FI lifted its holdings 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 in the last quarter. Headlands Technologies LLC purchased a new position in Comfort Systems USA during the first quarter valued at approximately $65,000. Finally, CWM LLC raised its position in shares of Comfort Systems USA by 60.3% during the second quarter. CWM LLC now owns 218 shares of the construction company’s stock valued at $66,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the transaction, the insider now owns 219,205 shares in the company, valued at $72,239,007.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Brian E. Lane sold 15,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total transaction of $1,192,129.74. Following the sale, the director now directly owns 37,193 shares of the company’s stock, valued at $12,503,914.67. The disclosure for this sale can be found here. Insiders have sold 24,391 shares of company stock worth $8,076,855 over the last quarter. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

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 Trading Up 6.7 %

Shares of FIX opened at $380.27 on Friday. The company’s fifty day moving average is $325.41 and its 200 day moving average is $319.19. Comfort Systems USA, Inc. has a fifty-two week low of $151.89 and a fifty-two week high of $382.00. The stock has a market capitalization of $13.58 billion, a PE ratio of 37.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.00.

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

Comfort Systems USA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Monday, August 12th. Comfort Systems USA’s dividend payout ratio (DPR) is 11.88%.

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.