Mitsubishi UFJ Trust & Banking Corp reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,053 shares of the construction company's stock after selling 3,762 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of Comfort Systems USA worth $15,713,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after acquiring an additional 77 shares in the last quarter. Harbor Investment Advisory LLC boosted 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 during the period. Private Trust Co. NA grew its holdings in Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Comfort Systems USA by 1,300.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company's stock worth $48,000 after buying an additional 104 shares during the period. Finally, True Wealth Design LLC acquired a new position in Comfort Systems USA in the 3rd quarter worth $53,000. 96.51% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on FIX. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research note on Monday, February 24th. Stifel Nicolaus lowered 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, February 24th. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Tuesday, March 25th. Finally, UBS Group lifted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $530.75.
Check Out Our Latest Analysis on Comfort Systems USA
Comfort Systems USA Stock Performance
FIX traded up $8.82 during trading hours on Wednesday, hitting $338.82. 120,843 shares of the stock were exchanged, compared to its average volume of 423,850. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 23.19 and a beta of 1.24. The stock has a 50-day simple moving average of $386.23 and a 200-day simple moving average of $419.03. 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, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09.
Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.40 dividend. 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 yield of 0.47%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA's payout ratio is presently 10.95%.
Comfort Systems USA Profile
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Free Report)
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.
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