Mutual of America Capital Management LLC Cuts Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Mutual of America Capital Management LLC lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,390 shares of the construction company’s stock after selling 828 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Comfort Systems USA worth $6,201,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Norden Group LLC grew its holdings in Comfort Systems USA by 1,143.4% in the 1st quarter. Norden Group LLC now owns 50,545 shares of the construction company’s stock worth $16,056,000 after acquiring an additional 46,480 shares during the last quarter. Hennessy Advisors Inc. grew its stake in shares of Comfort Systems USA by 18.6% in the first quarter. Hennessy Advisors Inc. now owns 173,800 shares of the construction company’s stock worth $55,218,000 after purchasing an additional 27,200 shares during the last quarter. Harvest Investment Services LLC purchased a new position in Comfort Systems USA during the 4th quarter valued at about $511,000. Concurrent Investment Advisors LLC bought a new position in Comfort Systems USA during the 1st quarter valued at approximately $550,000. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Comfort Systems USA in the 1st quarter worth approximately $898,000. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $385.16 on Friday. Comfort Systems USA, Inc. has a 1 year low of $151.89 and a 1 year high of $387.90. The stock has a market capitalization of $13.76 billion, a P/E ratio of 38.13 and a beta of 1.13. The company’s 50-day moving average is $326.67 and its 200 day moving average is $319.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.97.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 25th. The construction company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.14 by $0.60. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.69 billion. Comfort Systems USA had a return on equity of 31.49% and a net margin of 7.02%. The business’s revenue for the quarter was up 39.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.93 EPS. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Monday, August 12th. Comfort Systems USA’s dividend payout ratio is 11.88%.

Insider Activity

In other Comfort Systems USA news, Director Darcy Anderson sold 3,546 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $336.19, for a total value of $1,192,129.74. Following the sale, the director now directly owns 37,193 shares of the company’s stock, valued at $12,503,914.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Comfort Systems USA news, Director Darcy Anderson sold 3,546 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $336.19, for a total value of $1,192,129.74. Following the completion of the transaction, the director now directly owns 37,193 shares of the company’s stock, valued at $12,503,914.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $329.55, for a total transaction of $4,943,250.00. Following the sale, the insider now owns 219,205 shares in the company, valued at approximately $72,239,007.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,391 shares of company stock worth $8,076,855. Insiders own 1.80% of the company’s stock.

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.