Mirae Asset Global Investments Co. Ltd. Has $3.44 Million Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Mirae Asset Global Investments Co. Ltd. lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 0.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,701 shares of the construction company’s stock after selling 118 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Comfort Systems USA were worth $3,435,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in Comfort Systems USA during the 2nd quarter worth about $35,000. Brown Brothers Harriman & Co. lifted its position in Comfort Systems USA by 2,814.3% during the 1st quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company’s stock worth $36,000 after buying an additional 394 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Comfort Systems USA by 172.9% during the 4th quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company’s stock worth $42,000 after buying an additional 230 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Comfort Systems USA by 2,410.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company’s stock worth $43,000 after buying an additional 241 shares in the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new position in Comfort Systems USA during the 3rd quarter worth about $59,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 8,429 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the transaction, the chief financial officer now directly owns 62,471 shares in the company, valued at approximately $17,426,285.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Comfort Systems USA news, insider Brian E. Lane sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the completion of the transaction, the insider now owns 227,926 shares of the company’s stock, valued at approximately $71,142,542.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO William George III sold 8,429 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the transaction, the chief financial officer now directly owns 62,471 shares of the company’s stock, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. In the last three months, insiders sold 46,614 shares of company stock worth $13,739,345. 2.20% of the stock is owned by company insiders.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $299.99 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.07. The stock has a market cap of $10.71 billion, a PE ratio of 33.33 and a beta of 1.19. The stock has a 50-day moving average of $295.24 and a 200-day moving average of $228.33. Comfort Systems USA, Inc. has a one year low of $129.77 and a one year high of $335.25.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.40. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. Comfort Systems USA’s revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.54 EPS. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current year.

Comfort Systems USA Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 annualized dividend and a dividend yield of 0.33%. Comfort Systems USA’s dividend payout ratio is presently 11.11%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of Comfort Systems USA in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. UBS Group boosted their price objective on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. DA Davidson boosted their price objective on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Thursday, April 4th.

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.