Comfort Systems USA, Inc. $FIX Shares Sold by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC reduced its stake in Comfort Systems USA by 4.1%, now holding 17,504 shares valued at approximately $9.39 million as of the latest reporting period.
• Comfort Systems USA recently raised its quarterly dividend from $0.45 to $0.50, resulting in an annual yield of 0.2% and a payout ratio of 10.28%.
• Several analysts have given Comfort Systems USA a “Moderate Buy” rating, with price targets ranging from $810 to $917 following various updates throughout the year.

Mutual of America Capital Management LLC lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,504 shares of the construction company's stock after selling 756 shares during the period. Mutual of America Capital Management LLC's holdings in Comfort Systems USA were worth $9,386,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in Comfort Systems USA in the second quarter worth about $27,000. Tradewinds Capital Management LLC lifted its position in shares of Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares in the last quarter. Stone House Investment Management LLC acquired a new position in Comfort Systems USA in the first quarter worth approximately $31,000. Whittier Trust Co. of Nevada Inc. boosted its position in Comfort Systems USA by 54.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after purchasing an additional 37 shares during the period. Finally, Brooklyn Investment Group boosted its position in Comfort Systems USA by 259.4% during the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock worth $37,000 after purchasing an additional 83 shares during the period. Institutional investors own 96.51% of the company's stock.

Analyst Ratings Changes

FIX has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on shares of Comfort Systems USA from $746.00 to $917.00 and gave the stock a "buy" rating in a research note on Monday, October 13th. Northcoast Research lowered Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. DA Davidson lifted their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. William Blair started coverage on Comfort Systems USA in a report on Thursday, September 11th. They set an "outperform" rating on the stock. Finally, UBS Group boosted their target price on Comfort Systems USA from $710.00 to $875.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Comfort Systems USA currently has an average rating of "Moderate Buy" and an average target price of $735.80.

Insider Buying and Selling

In related news, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total transaction of $5,842,773.60. Following the sale, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian E. Lane sold 10,000 shares of Comfort Systems USA stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the sale, the insider owned 188,046 shares in the company, valued at $130,078,940.04. This trade represents a 5.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $827.02 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $861.77. The company has a market cap of $29.18 billion, a P/E ratio of 42.50 and a beta of 1.58. The business has a fifty day simple moving average of $761.23 and a 200 day simple moving average of $583.68.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Monday, August 15th. The construction company reported $0.90 EPS for the quarter. The firm had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.2%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Thursday, August 14th. Comfort Systems USA's payout ratio is 10.28%.

About Comfort Systems USA

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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