Public Employees Retirement System of Ohio Takes Position in Comfort Systems USA, Inc. $FIX

Public Employees Retirement System of Ohio bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,175 shares of the construction company’s stock, valued at approximately $24,130,000.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in shares of Comfort Systems USA during the second quarter valued at $26,000. Core Wealth Advisors LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at about $28,000. Avalon Trust Co purchased a new stake in Comfort Systems USA during the second quarter valued at approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Comfort Systems USA in the 4th quarter worth $33,000. Finally, Carolina Wealth Advisors LLC boosted its holdings in Comfort Systems USA by 63.6% in the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after acquiring an additional 7 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Insider Activity

In related news, Director Franklin Myers sold 6,700 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $1,954.47, for a total transaction of $13,094,949.00. Following the completion of the transaction, the director owned 62,115 shares in the company, valued at approximately $121,401,904.05. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO William George III sold 2,554 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $1,859.65, for a total value of $4,749,546.10. Following the completion of the transaction, the chief financial officer owned 30,250 shares in the company, valued at approximately $56,254,412.50. The trade was a 7.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 32,778 shares of company stock worth $56,306,777. 1.24% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $1,518.08 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $670.19 and a fifty-two week high of $2,073.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.19 and a current ratio of 1.21. The company has a 50 day moving average price of $1,747.26 and a 200 day moving average price of $1,669.40. The stock has a market capitalization of $53.42 billion, a P/E ratio of 37.34 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a return on equity of 53.55% and a net margin of 12.77%.Comfort Systems USA’s revenue was up 50.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.53 EPS. Equities research analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Thursday, August 13th were paid a $0.90 dividend. The ex-dividend date was Thursday, August 13th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 0.2%. Comfort Systems USA’s payout ratio is 8.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. KeyCorp boosted their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Friday, July 17th. The Goldman Sachs Group initiated coverage on Comfort Systems USA in a research note on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 price target for the company. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $2,082.86.

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.