Teachers Retirement System of The State of Kentucky Sells 310 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 11,864 shares of the construction company’s stock after selling 310 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Comfort Systems USA were worth $4,631,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FIX. Hollencrest Capital Management bought a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Comfort Systems USA in the 3rd quarter valued at $38,000. V Square Quantitative Management LLC lifted its holdings in Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock valued at $49,000 after purchasing an additional 47 shares during the last quarter. True Wealth Design LLC bought a new position in Comfort Systems USA during the third quarter worth $53,000. Finally, Contravisory Investment Management Inc. increased its holdings in shares of Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company’s stock valued at $59,000 after purchasing an additional 85 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 1.5 %

Shares of FIX opened at $462.06 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12 month low of $194.30 and a 12 month high of $510.79. The firm’s 50 day moving average is $442.50 and its 200-day moving average is $368.32. The stock has a market capitalization of $16.44 billion, a PE ratio of 35.35 and a beta of 1.18.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company’s revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the company earned $2.74 EPS. Equities research analysts forecast that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Thursday, November 14th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s payout ratio is 10.71%.

Insider Buying and Selling

In other Comfort Systems USA news, Chairman Franklin Myers sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total transaction of $4,682,160.00. Following the completion of the transaction, the chairman now directly owns 106,498 shares in the company, valued at $41,553,389.64. The trade was a 10.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the sale, the insider now owns 204,205 shares of the company’s stock, valued at $91,663,540.40. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 36,200 shares of company stock valued at $15,431,250 over the last quarter. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

FIX has been the subject of a number of research reports. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, October 12th. UBS Group boosted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus began coverage on Comfort Systems USA in a research note on Friday, November 15th. They set a “buy” rating and a $524.00 target price on the stock. Finally, Northcoast Research assumed coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $493.50.

Comfort Systems USA 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.