Retirement Systems of Alabama Sells 456 Shares of Comfort Systems USA, Inc. $FIX

Retirement Systems of Alabama lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 0.6% in the third quarter, HoldingsChannel.com reports. The firm owned 77,369 shares of the construction company’s stock after selling 456 shares during the quarter. Retirement Systems of Alabama’s holdings in Comfort Systems USA were worth $63,843,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Toth Financial Advisory Corp bought a new position in Comfort Systems USA in the 3rd quarter valued at $25,000. Quent Capital LLC acquired a new position in shares of Comfort Systems USA during the third quarter valued at $25,000. Ameritas Advisory Services LLC acquired a new position in shares of Comfort Systems USA during the second quarter valued at $27,000. Eastern Bank bought a new position in Comfort Systems USA in the third quarter valued at about $31,000. Finally, Avion Wealth increased its position in Comfort Systems USA by 1,800.0% in the third quarter. Avion Wealth now owns 57 shares of the construction company’s stock worth $47,000 after purchasing an additional 54 shares during the period. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FIX shares. Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. UBS Group lifted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday. Wall Street Zen cut shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, DA Davidson reiterated a “buy” rating and set a $1,200.00 target price on shares of Comfort Systems USA in a research report on Friday, December 19th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,011.75.

Comfort Systems USA Stock Down 0.8%

Comfort Systems USA stock opened at $1,122.73 on Friday. The firm has a market capitalization of $39.60 billion, a price-to-earnings ratio of 47.53 and a beta of 1.66. The company’s 50 day simple moving average is $990.57 and its 200 day simple moving average is $842.41. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $1,177.87.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.29 by $1.96. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%.The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the previous year, the firm earned $4.09 earnings per share. The company’s revenue was up 35.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 4,000 shares of Comfort Systems USA stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the sale, the director owned 22,535 shares of the company’s stock, valued at $21,604,755.20. This trade represents a 15.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Laura Finley Howell sold 1,000 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total value of $996,160.00. Following the completion of the sale, the senior vice president directly owned 7,938 shares in the company, valued at approximately $7,907,518.08. This represents a 11.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,028 shares of company stock valued at $25,381,151 over the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.