New York State Teachers Retirement System Raises Stake in Comfort Systems USA, Inc. (NYSE:FIX)

New York State Teachers Retirement System raised its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,079 shares of the construction company's stock after acquiring an additional 1,385 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Comfort Systems USA worth $11,483,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Consolidated Planning Corp raised its position in shares of Comfort Systems USA by 49.0% during the fourth 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 during the last quarter. Diversified Trust Co purchased a new position in Comfort Systems USA during the fourth quarter valued at $2,998,000. Zacks Investment Management increased its holdings in Comfort Systems USA by 26.2% in the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company's stock valued at $3,376,000 after acquiring an additional 1,795 shares during the last quarter. Entropy Technologies LP purchased a new stake in Comfort Systems USA in the 3rd quarter worth $1,484,000. Finally, WCM Investment Management LLC boosted its holdings in shares of Comfort Systems USA by 16.5% during the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company's stock valued at $38,833,000 after purchasing an additional 14,090 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FIX shares. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, February 15th. UBS Group raised their price target 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 initiated coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a "buy" rating and a $525.00 price objective on the stock. Finally, Stifel Nicolaus increased their target price on Comfort Systems USA from $524.00 to $577.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Comfort Systems USA has a consensus rating of "Buy" and an average target price of $506.75.

Comfort Systems USA Trading Down 5.2 %

FIX traded down $19.95 on Friday, hitting $362.18. The company had a trading volume of 1,088,247 shares, compared to its average volume of 524,969. The business's fifty day simple moving average is $446.90 and its 200 day simple moving average is $414.14. 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, Inc. has a 12-month low of $242.84 and a 12-month high of $553.09. The company has a market cap of $12.89 billion, a PE ratio of 27.71 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.46. The business 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 32.74% and a net margin of 7.18%. Equities research analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a dividend of $0.40 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.44%. Comfort Systems USA's payout ratio is 10.71%.

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.