Illinois Municipal Retirement Fund Purchases 3,567 Shares of Comfort Systems USA, Inc. $FIX

Illinois Municipal Retirement Fund raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 178.5% in the second quarter, Holdings Channel reports. The firm owned 5,565 shares of the construction company’s stock after acquiring an additional 3,567 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Comfort Systems USA were worth $2,984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fidelis Capital Partners LLC purchased a new stake in shares of Comfort Systems USA during the second quarter valued at approximately $185,000. ProShare Advisors LLC increased its holdings in shares of Comfort Systems USA by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 1,559 shares of the construction company’s stock worth $836,000 after purchasing an additional 47 shares in the last quarter. Lisanti Capital Growth LLC purchased a new position in shares of Comfort Systems USA in the second quarter worth $507,000. PFG Advisors lifted its holdings in shares of Comfort Systems USA by 124.3% during the second quarter. PFG Advisors now owns 1,498 shares of the construction company’s stock valued at $803,000 after purchasing an additional 830 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of Comfort Systems USA by 1.4% during the second quarter. Los Angeles Capital Management LLC now owns 8,332 shares of the construction company’s stock valued at $4,468,000 after buying an additional 113 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

FIX has been the subject of a number of recent analyst reports. DA Davidson set a $810.00 target price on Comfort Systems USA in a research report on Friday, October 24th. UBS Group boosted their price objective on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. Wall Street Zen upgraded shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Stifel Nicolaus set a $1,069.00 price target on Comfort Systems USA in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $819.20.

Insiders Place Their Bets

In other news, Director Herman E. Bulls sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the transaction, the director owned 30,574 shares of the company’s stock, valued at $30,990,417.88. This trade represents a 6.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the transaction, the director directly owned 82,901 shares in the company, valued at approximately $83,454,778.68. The trade was a 5.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 16,078 shares of company stock valued at $15,242,037. 1.59% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $897.09 on Friday. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $1,020.26. The firm has a market capitalization of $31.64 billion, a price-to-earnings ratio of 37.98 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $851.07 and a 200 day moving average of $660.22.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The business had revenue of $713.90 million for the quarter. On average, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.60 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.50. This represents a $2.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is presently 10.16%.

Comfort Systems USA 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.