New York State Common Retirement Fund Has $8.66 Million Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

New York State Common Retirement Fund lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,423 shares of the construction company’s stock after selling 2,967 shares during the period. New York State Common Retirement Fund’s holdings in Comfort Systems USA were worth $8,661,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $28,000. Harbor Investment Advisory LLC raised its stake in shares of Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after purchasing an additional 55 shares in the last quarter. True Wealth Design LLC bought a new position in Comfort Systems USA in the third quarter worth $53,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Comfort Systems USA by 28.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after buying an additional 28 shares in the last quarter. Finally, Huntington National Bank increased its holdings in Comfort Systems USA by 514.3% in the 3rd quarter. Huntington National Bank now owns 172 shares of the construction company’s stock valued at $67,000 after buying an additional 144 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Up 2.9 %

NYSE FIX opened at $368.86 on Wednesday. The stock’s 50 day simple moving average is $442.81 and its 200 day simple moving average is $416.41. Comfort Systems USA, Inc. has a one year low of $272.92 and a one year high of $553.09. The firm has a market cap of $13.13 billion, a PE ratio of 25.25 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 10th. 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 0.43%. Comfort Systems USA’s payout ratio is currently 10.95%.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of analyst reports. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Northcoast Research assumed coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a research note on Monday. Finally, Stifel Nicolaus dropped their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and an average target price of $494.60.

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.