Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by State of Michigan Retirement System

State of Michigan Retirement System increased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,700 shares of the construction company’s stock after buying an additional 100 shares during the period. State of Michigan Retirement System’s holdings in Comfort Systems USA were worth $2,764,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Heritage Wealth Management LLC acquired a new position in shares of Comfort Systems USA in the fourth quarter valued at approximately $246,000. Hennessy Advisors Inc. raised its position in shares of Comfort Systems USA by 18.6% in the first quarter. Hennessy Advisors Inc. now owns 173,800 shares of the construction company’s stock valued at $55,218,000 after buying an additional 27,200 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Comfort Systems USA by 16.5% in the fourth quarter. BNP Paribas Financial Markets now owns 49,841 shares of the construction company’s stock valued at $10,251,000 after buying an additional 7,067 shares during the last quarter. Harvest Investment Services LLC purchased a new stake in Comfort Systems USA in the fourth quarter valued at approximately $511,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Comfort Systems USA in the first quarter valued at approximately $898,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the completion of the sale, the director now directly owns 40,241 shares in the company, valued at $13,879,120.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Vance W. Tang sold 988 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total transaction of $338,884.00. Following the transaction, the director now directly owns 11,173 shares of the company’s stock, valued at $3,832,339. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the transaction, the director now directly owns 40,241 shares in the company, valued at $13,879,120.90. The disclosure for this sale can be found here. Insiders sold a total of 7,961 shares of company stock worth $2,622,664 over the last ninety days. 1.80% of the stock is owned by company insiders.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $312.32 on Thursday. Comfort Systems USA, Inc. has a 1 year low of $151.89 and a 1 year high of $352.45. The firm has a 50 day moving average price of $321.05 and a 200 day moving average price of $281.26. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 30.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.92 and a current ratio of 0.96.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.43. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm earned $1.51 earnings per share. Comfort Systems USA’s revenue for the quarter was up 30.8% on a year-over-year basis. Sell-side analysts predict that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were paid a dividend of $0.30 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.38%. The ex-dividend date was Friday, May 10th. Comfort Systems USA’s payout ratio is currently 11.88%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th.

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.