Louisiana State Employees Retirement System held its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the second quarter, Holdings Channel reports. The fund owned 15,200 shares of the construction company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Comfort Systems USA were worth $564,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FIX. Advisors Preferred LLC purchased a new stake in shares of Comfort Systems USA during the first quarter valued at $106,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Comfort Systems USA during the first quarter valued at $117,000. RE Advisers Corp purchased a new stake in shares of Comfort Systems USA during the first quarter valued at $135,000. State of Alaska Department of Revenue boosted its stake in shares of Comfort Systems USA by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 4,110 shares of the construction company’s stock valued at $150,000 after buying an additional 90 shares in the last quarter. Finally, Princeton Alpha Management LP purchased a new stake in shares of Comfort Systems USA during the first quarter valued at $204,000. 94.13% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Comfort Systems USA, Inc. (NYSE:FIX) traded down 2.0131% during mid-day trading on Thursday, reaching $32.8501. 34,733 shares of the company’s stock traded hands. The stock has a market cap of $1.23 billion, a PE ratio of 19.7773 and a beta of 1.26. Comfort Systems USA, Inc. has a 12 month low of $26.05 and a 12 month high of $39.67. The firm has a 50 day moving average price of $35.55 and a 200-day moving average price of $35.36.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Friday, July 28th. The construction company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by $0.01. The firm had revenue of $465.41 million during the quarter, compared to analyst estimates of $462.06 million. Comfort Systems USA had a net margin of 3.77% and a return on equity of 16.52%. Comfort Systems USA’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, analysts predict that Comfort Systems USA, Inc. will post $1.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Thursday, August 10th. Comfort Systems USA’s dividend payout ratio is 17.96%.

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Several brokerages have weighed in on FIX. Zacks Investment Research cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. BidaskClub cut shares of Comfort Systems USA from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Finally, Jefferies Group LLC upped their price objective on shares of Comfort Systems USA from $80.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.00.

In related news, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $33.85, for a total transaction of $67,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Franklin Myers acquired 5,482 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average price of $33.58 per share, with a total value of $184,085.56. Following the completion of the transaction, the chairman now owns 205,000 shares in the company, valued at $6,883,900. The disclosure for this purchase can be found here. 3.49% of the stock is owned by corporate insiders.

About Comfort Systems USA

Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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