Mutual of America Capital Management LLC Sells 483 Shares of 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 lowered its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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.

A number of other hedge funds have also recently added to or reduced their stakes in FIX. Tradewinds Capital Management LLC increased its holdings 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 worth $26,000 after buying an additional 27 shares during the last quarter. Versant Capital Management Inc increased its holdings in Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after buying an additional 72 shares during the last quarter. Colonial Trust Co SC increased its holdings in Comfort Systems USA by 352.6% in the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after buying an additional 67 shares during the last quarter. Rothschild Investment LLC increased its holdings in Comfort Systems USA by 106.9% in the first quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock worth $39,000 after buying an additional 62 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its holdings in Comfort Systems USA by 131.1% in the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock worth $45,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FIX. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Stifel Nicolaus increased their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. DA Davidson increased their price target on Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a report on Monday, July 28th. Northcoast Research downgraded Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. Finally, UBS Group increased their price target on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a report on Friday, July 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $635.60.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction on Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the transaction, the director directly owned 26,535 shares of the company's stock, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William George III sold 12,500 shares of Comfort Systems USA stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer directly owned 47,473 shares of the company's stock, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,900 shares of company stock valued at $20,001,507 in the last ninety days. 1.59% of the stock is owned by company insiders.

Comfort Systems USA Stock Performance

FIX stock traded down $0.97 during midday trading on Monday, hitting $690.79. 51,310 shares of the company traded hands, compared to its average volume of 471,972. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $718.40. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $24.37 billion, a price-to-earnings ratio of 35.50 and a beta of 1.49. The business has a 50 day simple moving average of $558.98 and a 200-day simple moving average of $449.46.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same period in the prior year, the business earned $3.74 earnings per share. Comfort Systems USA's revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.3%. 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. Comfort Systems USA's dividend payout ratio (DPR) is 9.25%.

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.