VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Position in Comfort Systems USA, Inc. $FIX

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 33,856 shares of the construction company’s stock, valued at approximately $67,101,000.

A number of other hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in shares of Comfort Systems USA during the 2nd quarter valued at $26,000. Avalon Trust Co purchased a new stake in Comfort Systems USA in the 2nd quarter worth $32,000. Field & Main Bank bought a new stake in Comfort Systems USA during the second quarter valued at about $32,000. Carolina Wealth Advisors LLC raised its holdings in Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock valued at $36,000 after acquiring an additional 7 shares during the period. Finally, JNBA Financial Advisors purchased a new position in shares of Comfort Systems USA in the second quarter valued at about $42,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $1,611.87 on Monday. The company’s 50-day moving average price is $1,708.39 and its 200-day moving average price is $1,681.05. Comfort Systems USA, Inc. has a twelve month low of $682.00 and a twelve month high of $2,073.99. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02. The company has a market cap of $56.72 billion, a PE ratio of 39.64 and a beta of 1.67.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $12.53 EPS for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.53 EPS. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 47.2 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FIX shares. Erste Group Bank downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. UBS Group set a $2,100.00 price objective on shares of Comfort Systems USA in a report on Thursday, August 20th. Stifel Nicolaus set a $1,910.00 price target on shares of Comfort Systems USA in a report on Monday, July 27th. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen cut Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of “Buy” and an average target price of $2,082.86.

Insider Transactions at Comfort Systems USA

In related news, CFO William George, III sold 2,554 shares of the firm’s 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 transaction, the chief financial officer owned 30,250 shares of the company’s stock, valued at $56,254,412.50. This trade represents a 7.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers sold 6,700 shares of Comfort Systems USA stock in a transaction dated 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 sale, the director owned 62,115 shares of the company’s stock, valued at $121,401,904.05. The trade was a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 32,778 shares of company stock worth $56,306,777. Insiders own 1.24% of the company’s stock.

Comfort Systems USA 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.