Mutual of America Capital Management LLC Reduces Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Mutual of America Capital Management LLC decreased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 18,743 shares of the construction company’s stock after selling 478 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Comfort Systems USA worth $7,948,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FIX. Proficio Capital Partners LLC purchased a new stake in Comfort Systems USA during the 4th quarter worth about $217,771,000. Vaughan Nelson Investment Management L.P. bought a new position in Comfort Systems USA in the 3rd quarter worth about $138,987,000. Jennison Associates LLC increased its stake in Comfort Systems USA by 6,071.6% in the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after acquiring an additional 173,709 shares during the last quarter. Natixis Advisors LLC increased its stake in Comfort Systems USA by 871.4% in the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after acquiring an additional 119,033 shares during the last quarter. Finally, EULAV Asset Management increased its stake in Comfort Systems USA by 80.0% in the 3rd quarter. EULAV Asset Management now owns 145,103 shares of the construction company’s stock worth $56,641,000 after acquiring an additional 64,500 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 1.5 %

NYSE FIX opened at $362.02 on Monday. Comfort Systems USA, Inc. has a fifty-two week low of $272.92 and a fifty-two week high of $553.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a 50 day simple moving average of $436.85 and a two-hundred day simple moving average of $417.72. The stock has a market cap of $12.87 billion, a P/E ratio of 24.78 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. On average, analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.44%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio (DPR) is 10.95%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research note on Monday, February 24th. Stifel Nicolaus reduced their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. UBS Group increased their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Northcoast Research initiated coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $530.75.

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.