National Pension Service Invests $43.91 Million in Comfort Systems USA, Inc. $FIX

National Pension Service acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, HoldingsChannel reports. The fund acquired 47,044 shares of the construction company’s stock, valued at approximately $43,906,000.

Other large investors also recently modified their holdings of the company. Ethic Inc. grew its position in shares of Comfort Systems USA by 80.5% during the 4th quarter. Ethic Inc. now owns 1,677 shares of the construction company’s stock worth $1,565,000 after buying an additional 748 shares during the period. Spire Wealth Management grew its position in shares of Comfort Systems USA by 658.1% during the 4th quarter. Spire Wealth Management now owns 5,390 shares of the construction company’s stock worth $5,031,000 after buying an additional 4,679 shares during the period. Moran Wealth Management LLC lifted its holdings in shares of Comfort Systems USA by 34.0% in the 4th quarter. Moran Wealth Management LLC now owns 28,357 shares of the construction company’s stock worth $26,465,000 after purchasing an additional 7,192 shares in the last quarter. Caerus Investment Advisors LLC bought a new position in shares of Comfort Systems USA in the 3rd quarter worth $767,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Comfort Systems USA by 3,378.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 84,731 shares of the construction company’s stock worth $79,079,000 after purchasing an additional 82,295 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $1,827.41 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.21 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $1,692.34 and its two-hundred day simple moving average is $1,324.84. Comfort Systems USA, Inc. has a 1-year low of $465.05 and a 1-year high of $2,073.99. The stock has a market cap of $64.32 billion, a PE ratio of 52.72 and a beta of 1.66.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating the consensus estimate of $6.81 by $3.70. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The business had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period last year, the business earned $4.75 EPS. The business’s revenue was up 56.5% on a year-over-year basis. As a group, analysts forecast that Comfort Systems USA, Inc. will post 43.38 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Friday, May 15th were paid a dividend of $0.80 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.70. The ex-dividend date was Friday, May 15th. This represents a $3.20 annualized dividend and a yield of 0.2%. Comfort Systems USA’s dividend payout ratio (DPR) is 9.23%.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director William J. Sandbrook sold 1,500 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total transaction of $2,599,005.00. Following the transaction, the director directly owned 7,666 shares in the company, valued at approximately $13,282,648.22. This trade represents a 16.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darcy Anderson sold 4,500 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $1,369.74, for a total value of $6,163,830.00. Following the transaction, the director owned 18,035 shares in the company, valued at approximately $24,703,260.90. This trade represents a 19.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 29,694 shares of company stock worth $54,374,425. 1.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on FIX. DA Davidson increased their target price on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. UBS Group increased their target price on Comfort Systems USA from $1,680.00 to $1,992.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Monday, April 20th. Oppenheimer began coverage on Comfort Systems USA in a report on Thursday. They issued an “outperform” rating and a $2,200.00 target price on the stock. Finally, Glj Research began coverage on Comfort Systems USA in a report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and an average target price of $1,969.33.

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.