Teacher Retirement System of Texas Sells 2,726 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Teacher Retirement System of Texas reduced its position in Comfort Systems USA, Inc. (NYSE:FIX) by 16.8% during the fourth quarter, HoldingsChannel reports. The fund owned 13,507 shares of the construction company’s stock after selling 2,726 shares during the quarter. Teacher Retirement System of Texas’ holdings in Comfort Systems USA were worth $5,728,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Consolidated Planning Corp lifted its stake in shares of Comfort Systems USA by 49.0% during the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock valued at $2,028,000 after buying an additional 1,573 shares in the last quarter. Diversified Trust Co bought a new stake in Comfort Systems USA during the 4th quarter valued at $2,998,000. Zacks Investment Management lifted its position in shares of Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after acquiring an additional 1,795 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth $39,038,000. Finally, Commerce Bank bought a new position in shares of Comfort Systems USA in the third quarter worth $511,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FIX has been the topic of a number of recent research reports. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a report on Monday, February 24th. UBS Group raised their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus decreased their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $530.75.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $352.82 on Monday. The stock’s 50-day simple moving average is $406.93 and its two-hundred day simple moving average is $417.98. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The firm has a market capitalization of $12.54 billion, a P/E ratio of 24.15 and a beta of 1.24. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.40 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s payout ratio is currently 10.95%.

About Comfort Systems USA

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.