Mutual of America Capital Management LLC Sells 1,169 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Mutual of America Capital Management LLC trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,221 shares of the construction company's stock after selling 1,169 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Comfort Systems USA worth $7,503,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FIX. Capital World Investors boosted its stake in Comfort Systems USA by 26.6% during the first quarter. Capital World Investors now owns 2,153,707 shares of the construction company's stock worth $684,254,000 after acquiring an additional 451,852 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $138,987,000. Millennium Management LLC grew its stake in shares of Comfort Systems USA by 477.9% in the 2nd quarter. Millennium Management LLC now owns 342,724 shares of the construction company's stock worth $104,229,000 after buying an additional 283,416 shares during the last quarter. Blackstone Inc. bought a new position in Comfort Systems USA during the 1st quarter valued at approximately $41,302,000. Finally, Natixis Advisors LLC raised its stake in Comfort Systems USA by 871.4% during the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company's stock valued at $51,797,000 after buying an additional 119,033 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the transaction, the director now directly owns 9,036 shares of the company's stock, valued at $3,699,880.56. This represents a 21.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total value of $6,733,200.00. Following the completion of the transaction, the insider now directly owns 204,205 shares in the company, valued at approximately $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,746 shares of company stock valued at $14,684,140 in the last ninety days. 1.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on FIX. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, October 12th. Stifel Nicolaus began coverage on shares of Comfort Systems USA in a research note on Friday. They issued a "buy" rating and a $524.00 price target on the stock. Finally, UBS Group upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and raised their price objective for the company from $396.00 to $525.00 in a research note on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $466.33.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock traded up $18.38 during trading on Tuesday, hitting $469.38. 171,393 shares of the company's stock traded hands, compared to its average volume of 382,257. Comfort Systems USA, Inc. has a 1 year low of $185.83 and a 1 year high of $474.62. The business has a 50-day simple moving average of $401.57 and a 200-day simple moving average of $349.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market capitalization of $16.71 billion, a P/E ratio of 34.53 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating analysts' consensus estimates of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm earned $2.74 earnings per share. The firm's revenue for the quarter was up 31.5% compared to the same quarter last year. As a group, analysts forecast that Comfort Systems USA, Inc. will post 13.88 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.30%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. The ex-dividend date is Thursday, November 14th. Comfort Systems USA's dividend payout ratio is presently 10.71%.

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.