Texas Permanent School Fund Corp Lowers Holdings in Comfort Systems USA, Inc. $FIX

by · The Cerbat Gem

Texas Permanent School Fund Corp lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 24.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,796 shares of the construction company’s stock after selling 12,176 shares during the quarter. Texas Permanent School Fund Corp owned 0.11% of Comfort Systems USA worth $20,267,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. American Trust purchased a new stake in Comfort Systems USA in the 2nd quarter valued at about $209,000. Orion Porfolio Solutions LLC raised its stake in shares of Comfort Systems USA by 1.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 11,965 shares of the construction company’s stock valued at $6,416,000 after acquiring an additional 148 shares during the period. Munro Partners purchased a new stake in shares of Comfort Systems USA in the 2nd quarter valued at approximately $9,689,000. Thompson Davis & CO. Inc. lifted its holdings in shares of Comfort Systems USA by 80.7% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,025 shares of the construction company’s stock worth $1,622,000 after acquiring an additional 1,351 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Comfort Systems USA during the 2nd quarter worth approximately $505,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

FIX stock opened at $959.12 on Monday. The business’s 50-day moving average is $923.93 and its two-hundred day moving average is $738.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.22 and a quick ratio of 1.20. The firm has a market capitalization of $33.83 billion, a P/E ratio of 40.61 and a beta of 1.64. Comfort Systems USA, Inc. has a 1 year low of $276.44 and a 1 year high of $1,036.67.

Comfort Systems USA (NYSE:FIX – Get Free Report) last released its 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 firm had revenue of $713.90 million for the quarter. Analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 13th were given a dividend of $0.60 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 0.3%. Comfort Systems USA’s dividend payout ratio is presently 10.16%.

Analyst Ratings Changes

Several research firms recently weighed in on FIX. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. DA Davidson set a $810.00 price objective on Comfort Systems USA in a report on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Wall Street Zen raised Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, William Blair started coverage on shares of Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $892.75.

View Our Latest Stock Analysis on Comfort Systems USA

Insider Activity

In other news, Director Franklin Myers sold 5,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the completion of the transaction, the director directly owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. This represents a 5.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the completion of the transaction, the director owned 4,000 shares in the company, valued at approximately $4,021,640. The trade was a 38.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 26,028 shares of company stock valued at $25,381,151. Insiders own 1.59% of the company’s stock.

About Comfort Systems USA

(Free Report)

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.

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