Municipal Employees Retirement System of Michigan Has $499,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Municipal Employees Retirement System of Michigan increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 59.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,980 shares of the construction company’s stock after purchasing an additional 5,200 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Comfort Systems USA were worth $499,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Comfort Systems USA by 6.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock valued at $101,000 after purchasing an additional 173 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Comfort Systems USA by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the construction company’s stock valued at $110,000 after purchasing an additional 1,363 shares in the last quarter. Advisor Group Inc. boosted its stake in shares of Comfort Systems USA by 27.2% during the second quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock valued at $122,000 after purchasing an additional 706 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Comfort Systems USA by 11.5% during the second quarter. Victory Capital Management Inc. now owns 5,257 shares of the construction company’s stock valued at $195,000 after purchasing an additional 542 shares in the last quarter. Finally, Biltmore Wealth Management LLC acquired a new stake in shares of Comfort Systems USA during the second quarter valued at about $209,000. Institutional investors own 92.24% of the company’s stock.

Comfort Systems USA, Inc. (NYSE FIX) traded down $0.65 during midday trading on Friday, hitting $42.55. The stock had a trading volume of 186,400 shares, compared to its average volume of 190,802. The company has a market capitalization of $1,604.20, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 2.42 and a beta of 1.27. Comfort Systems USA, Inc. has a 52-week low of $31.90 and a 52-week high of $44.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.30 and a current ratio of 1.33.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The firm had revenue of $480.85 million during the quarter, compared to the consensus estimate of $469.53 million. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 earnings per share. equities analysts expect that Comfort Systems USA, Inc. will post 1.78 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Friday, November 10th were given a dividend of $0.075 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.30 annualized dividend and a dividend yield of 0.71%. Comfort Systems USA’s payout ratio is 17.44%.

In other news, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $43.24, for a total transaction of $86,480.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Franklin Myers purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average cost of $40.23 per share, for a total transaction of $120,690.00. Following the transaction, the chairman now directly owns 208,000 shares in the company, valued at $8,367,840. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 70,473 shares of company stock worth $2,986,454. 3.48% of the stock is owned by insiders.

A number of analysts have recently commented on the company. Zacks Investment Research raised Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Gilford Securities lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Guggenheim lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Finally, DA Davidson lifted their target price on Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $63.00.

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Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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