Mutual of America Capital Management LLC Has $5.89 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Key Points

• Mutual of America Capital Management LLC reduced its stake in Comfort Systems USA, Inc. by 2.6%, bringing its total ownership to 18,260 shares valued at approximately $5.89 million.
• Analysts have increased their target prices for Comfort Systems USA, with DA Davidson raising it to $810.00 and UBS Group to $710.00, while maintaining an overall consensus rating of "Moderate Buy".
• The company reported a significant earnings miss in its latest quarter, achieving earnings per share of $6.53 against estimates of $4.84, coupled with a 20.1% increase in year-over-year quarterly revenue.

Mutual of America Capital Management LLC cut its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,260 shares of the construction company's stock after selling 483 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Comfort Systems USA worth $5,886,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Tradewinds Capital Management LLC grew its stake in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after acquiring an additional 27 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Comfort Systems USA by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock valued at $57,000 after purchasing an additional 42 shares during the period. Rakuten Securities Inc. increased its stake in Comfort Systems USA by 36.8% during the 1st quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock valued at $52,000 after purchasing an additional 43 shares in the last quarter. Covestor Ltd raised its holdings in Comfort Systems USA by 10.8% during the fourth quarter. Covestor Ltd now owns 515 shares of the construction company's stock worth $218,000 after buying an additional 50 shares during the last quarter. Finally, KBC Group NV raised its holdings in Comfort Systems USA by 3.5% during the first quarter. KBC Group NV now owns 1,543 shares of the construction company's stock worth $497,000 after buying an additional 52 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FIX has been the subject of several recent research reports. DA Davidson boosted their target price on shares of Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Stifel Nicolaus increased their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Finally, UBS Group raised their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Comfort Systems USA has a consensus rating of "Moderate Buy" and an average target price of $635.60.

Insider Buying and Selling

In related news, CFO William George III sold 12,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the sale, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO T Mckenna Trent sold 4,400 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $716.63, for a total transaction of $3,153,172.00. Following the sale, the chief operating officer owned 21,639 shares in the company, valued at $15,507,156.57. The trade was a 16.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,900 shares of company stock valued at $13,084,107. 1.59% of the stock is owned by insiders.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $695.01 on Friday. The company has a market capitalization of $24.52 billion, a P/E ratio of 35.71 and a beta of 1.49. The company's 50-day moving average is $554.70 and its 200 day moving average is $449.70. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $718.40.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 39.33%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the business posted $3.74 EPS. Comfort Systems USA's quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be issued a $0.50 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.3%. Comfort Systems USA's payout ratio is 9.25%.

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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