Maryland State Retirement & Pension System Has $530,000 Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Maryland State Retirement & Pension System decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 12.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,643 shares of the construction company’s stock after selling 233 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Comfort Systems USA were worth $530,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FIX. GAMMA Investing LLC increased its stake in shares of Comfort Systems USA by 39,575.2% during the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company’s stock worth $81,974,000 after purchasing an additional 253,677 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Comfort Systems USA by 824.2% during the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company’s stock worth $98,985,000 after purchasing an additional 208,283 shares during the last quarter. Bain Capital Public Equity Management II LLC increased its stake in shares of Comfort Systems USA by 307.2% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company’s stock worth $87,239,000 after purchasing an additional 155,204 shares during the last quarter. Artemis Investment Management LLP increased its stake in shares of Comfort Systems USA by 147.4% during the 1st quarter. Artemis Investment Management LLP now owns 248,238 shares of the construction company’s stock worth $80,015,000 after purchasing an additional 147,885 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Comfort Systems USA by 289.0% during the 1st quarter. Victory Capital Management Inc. now owns 172,571 shares of the construction company’s stock worth $55,625,000 after purchasing an additional 128,209 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FIX. DA Davidson upped their price objective on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Northcoast Research downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Monday, July 28th. Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. UBS Group upped their price objective on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a “buy” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $635.60.

Insider Transactions at Comfort Systems USA

In other news, COO T Mckenna Trent sold 4,400 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the completion of the transaction, the chief operating officer directly owned 21,639 shares of the company’s stock, valued at approximately $15,507,156.57. This trade represents a 16.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 8,436 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the transaction, the chief financial officer directly owned 47,473 shares of the company’s stock, valued at $32,879,799.80. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,205 shares of company stock worth $20,932,366. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $689.53 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $733.24. The firm has a fifty day moving average price of $575.61 and a two-hundred day moving average price of $456.06. The company has a market cap of $24.33 billion, a PE ratio of 35.43 and a beta of 1.49.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating analysts’ consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm earned $3.74 EPS. The business’s revenue was up 20.1% on a year-over-year basis. Analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be issued a $0.50 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a yield of 0.3%. Comfort Systems USA’s payout ratio is currently 9.25%.

Comfort Systems USA Company 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.