Sumitomo Mitsui Trust Group Inc. Decreases Stake in Comfort Systems USA, Inc. $FIX

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 80.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 510 shares of the construction company’s stock after selling 2,046 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Comfort Systems USA were worth $273,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in Comfort Systems USA by 12.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $107,000 after buying an additional 22 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in Comfort Systems USA by 37.8% in the second quarter. Tradewinds Capital Management LLC now owns 113 shares of the construction company’s stock valued at $61,000 after buying an additional 31 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Comfort Systems USA by 2.0% in the second quarter. Fifth Third Bancorp now owns 1,739 shares of the construction company’s stock valued at $932,000 after acquiring an additional 34 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of 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 valued at $34,000 after acquiring an additional 37 shares during the period. Finally, IFP Advisors Inc grew its position in shares of Comfort Systems USA by 8.7% during the second quarter. IFP Advisors Inc now owns 475 shares of the construction company’s stock worth $255,000 after acquiring an additional 38 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on FIX shares. UBS Group upped their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research report on Monday, October 27th. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. DA Davidson set a $810.00 target price on shares of Comfort Systems USA in a research note on Friday, October 24th. Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Stifel Nicolaus set a $1,069.00 price target on Comfort Systems USA in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $819.20.

Comfort Systems USA Price Performance

Shares of FIX opened at $965.68 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $805.89 and its two-hundred day moving average is $624.38. Comfort Systems USA, Inc. has a twelve month low of $276.44 and a twelve month high of $1,020.26. The firm has a market capitalization of $34.06 billion, a PE ratio of 40.88 and a beta of 1.58.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 13th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 0.2%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, November 13th. Comfort Systems USA’s dividend payout ratio is 8.47%.

Insider Activity at Comfort Systems USA

In other news, Director Herman E. Bulls sold 2,000 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,013.62, for a total value of $2,027,240.00. Following the completion of the transaction, the director owned 30,574 shares in the company, valued at $30,990,417.88. This trade represents a 6.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $1,005.41, for a total transaction of $2,513,525.00. Following the completion of the sale, the director owned 4,000 shares of the company’s stock, valued at $4,021,640. This trade represents a 38.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 31,883 shares of company stock worth $25,131,791. 1.59% of the stock is currently owned by insiders.

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.