Mitsubishi UFJ Trust & Banking Corp Cuts Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Mitsubishi UFJ Trust & Banking Corp lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,053 shares of the construction company’s stock after selling 3,762 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Comfort Systems USA were worth $15,713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Comfort Systems USA by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock valued at $1,603,242,000 after acquiring an additional 67,240 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Comfort Systems USA by 39.8% during the 4th quarter. LPL Financial LLC now owns 22,598 shares of the construction company’s stock valued at $9,583,000 after purchasing an additional 6,438 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at about $3,435,000. Hillsdale Investment Management Inc. increased its holdings in shares of Comfort Systems USA by 1.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company’s stock worth $950,000 after purchasing an additional 40 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Comfort Systems USA by 38.9% in the fourth quarter. American Century Companies Inc. now owns 79,039 shares of the construction company’s stock worth $33,517,000 after buying an additional 22,116 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group raised their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a report on Monday, February 24th. StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Stifel Nicolaus dropped their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $530.75.

Comfort Systems USA Stock Performance

NYSE FIX opened at $323.79 on Friday. The business’s 50 day moving average price is $393.86 and its 200-day moving average price is $417.98. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The company has a market cap of $11.51 billion, a P/E ratio of 22.16 and a beta of 1.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a $0.40 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s dividend payout ratio is 10.95%.

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.