MassMutual Private Wealth & Trust FSB Has $107,000 Holdings in Comfort Systems USA, Inc. $FIX

MassMutual Private Wealth & Trust FSB lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 12.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 199 shares of the construction company’s stock after buying an additional 22 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Comfort Systems USA were worth $107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tradewinds Capital Management LLC grew its stake in Comfort Systems USA by 49.1% during 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 in the last quarter. Stone House Investment Management LLC purchased a new stake in Comfort Systems USA in the first quarter worth approximately $31,000. Versant Capital Management Inc boosted its stake 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 in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company’s stock worth $34,000 after buying an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of Comfort Systems USA by 259.4% in the first quarter. Brooklyn Investment Group now owns 115 shares of the construction company’s stock worth $37,000 after buying an additional 83 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 0.4%

NYSE FIX opened at $796.56 on Friday. The company’s fifty day simple moving average is $683.84 and its 200-day simple moving average is $513.73. Comfort Systems USA, Inc. has a 52 week low of $276.44 and a 52 week high of $806.58. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The stock has a market cap of $28.10 billion, a P/E ratio of 40.93 and a beta of 1.54.

Comfort Systems USA (NYSE:FIX) last announced 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. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.Comfort Systems USA’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.74 earnings per share. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Thursday, August 14th were given a $0.50 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, August 14th. This represents a $2.00 annualized dividend and a dividend yield of 0.3%. Comfort Systems USA’s payout ratio is currently 10.28%.

Insider Activity

In related news, COO T Mckenna Trent sold 4,400 shares of the firm’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 transaction, the chief operating officer owned 21,639 shares of the company’s stock, valued at approximately $15,507,156.57. This trade represents a 16.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $691.74, for a total value of $6,917,400.00. Following the sale, the insider directly owned 188,046 shares of the company’s stock, valued at $130,078,940.04. The trade was a 5.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,783 shares of company stock valued at $18,710,798 in the last three months. 1.59% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FIX. Zacks Research upgraded Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 19th. William Blair initiated coverage on shares of Comfort Systems USA in a report on Thursday, September 11th. They issued an “outperform” rating on the stock. Northcoast Research cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. UBS Group raised their price target on Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, DA Davidson upped their target price on Comfort Systems USA from $630.00 to $810.00 and gave the company a “buy” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $668.60.

About Comfort Systems USA

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.