Retirement Systems of Alabama Sells 456 Shares of Comfort Systems USA, Inc. $FIX

Retirement Systems of Alabama lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,369 shares of the construction company’s stock after selling 456 shares during the period. Retirement Systems of Alabama owned 0.22% of Comfort Systems USA worth $63,843,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FIX. Wedmont Private Capital grew its position in shares of Comfort Systems USA by 3.8% in the third quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock valued at $406,000 after purchasing an additional 18 shares during the last quarter. Archer Investment Corp boosted its stake in Comfort Systems USA by 8.0% during the 2nd quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock valued at $145,000 after purchasing an additional 20 shares during the period. Transce3nd LLC grew its holdings in Comfort Systems USA by 12.9% in the 2nd quarter. Transce3nd LLC now owns 192 shares of the construction company’s stock valued at $104,000 after buying an additional 22 shares during the last quarter. Optimum Investment Advisors grew its holdings in Comfort Systems USA by 0.8% in the 2nd quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock valued at $1,602,000 after buying an additional 25 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its position in Comfort Systems USA by 9.1% in the 3rd quarter. Princeton Global Asset Management LLC now owns 300 shares of the construction company’s stock worth $248,000 after buying an additional 25 shares during the period. Institutional investors own 96.51% of the company’s stock.

Insider Activity

In other news, SVP Laura Finley Howell sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $996.16, for a total value of $996,160.00. Following the completion of the sale, the senior vice president directly owned 7,938 shares in the company, valued at approximately $7,907,518.08. This trade represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian E. Lane sold 7,158 shares of Comfort Systems USA stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the completion of the transaction, the insider directly owned 180,888 shares of the company’s stock, valued at $171,478,206.24. This represents a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 26,028 shares of company stock worth $25,381,151. 1.59% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday. DA Davidson restated a “buy” rating and set a $1,200.00 price objective on shares of Comfort Systems USA in a report on Friday, December 19th. Zacks Research cut shares of Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, UBS Group boosted their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,011.75.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $1,122.73 on Friday. The stock has a market capitalization of $39.60 billion, a price-to-earnings ratio of 47.53 and a beta of 1.66. The firm’s 50-day moving average price is $990.57 and its two-hundred day moving average price is $842.41. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 1-year low of $276.44 and a 1-year high of $1,177.87.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.29 by $1.96. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. Comfort Systems USA’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.09 earnings per share. On average, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

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.