Mitsubishi UFJ Trust & Banking Corp Trims Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)
Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 14.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,040 shares of the construction company’s stock after selling 9,460 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.15% of Comfort Systems USA worth $17,487,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Comfort Systems USA during the first quarter valued at approximately $230,000. State Board of Administration of Florida Retirement System grew its holdings in shares of Comfort Systems USA by 14.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,585 shares of the construction company’s stock valued at $3,681,000 after purchasing an additional 1,470 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in shares of Comfort Systems USA in the first quarter valued at $390,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Comfort Systems USA in the first quarter valued at $313,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Comfort Systems USA by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 34,625 shares of the construction company’s stock valued at $11,003,000 after purchasing an additional 754 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.
Read Our Latest Analysis on FIX
Comfort Systems USA Trading Up 1.7 %
Shares of FIX traded up $5.15 during trading hours on Monday, reaching $309.43. 17,867 shares of the company traded hands, compared to its average volume of 402,900. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 30.13 and a beta of 1.15. Comfort Systems USA, Inc. has a 12-month low of $151.89 and a 12-month high of $352.45. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average price is $318.12 and its 200 day moving average price is $290.69.
Comfort Systems USA (NYSE:FIX – Get Free Report) last issued its earnings results on Thursday, April 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.43. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.48 billion. Comfort Systems USA had a net margin of 6.51% and a return on equity of 28.65%. The business’s revenue was up 30.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 earnings per share. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 12.24 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a $0.30 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Friday, May 10th. Comfort Systems USA’s payout ratio is presently 11.88%.
Insider Activity at Comfort Systems USA
In related news, Director Darcy Anderson sold 3,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the sale, the director now directly owns 40,241 shares in the company, valued at $13,879,120.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Comfort Systems USA news, Director Vance W. Tang sold 988 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total value of $338,884.00. Following the completion of the transaction, the director now directly owns 11,173 shares in the company, valued at $3,832,339. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darcy Anderson sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the completion of the transaction, the director now owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The disclosure for this sale can be found here. Insiders sold 7,961 shares of company stock worth $2,622,664 over the last three months. 1.80% of the stock is owned by corporate insiders.
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.
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