Mutual of America Capital Management LLC Lowers Position in Comfort Systems USA, Inc. (NYSE:FIX)

Mutual of America Capital Management LLC lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 18,743 shares of the construction company’s stock after selling 478 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Comfort Systems USA were worth $7,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIX. Hollencrest Capital Management purchased a new position in shares of Comfort Systems USA in the 3rd quarter valued at approximately $28,000. Harbor Investment Advisory LLC lifted its stake in shares of Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after purchasing an additional 55 shares during the period. Private Trust Co. NA lifted its stake in shares of Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after purchasing an additional 31 shares during the period. True Wealth Design LLC purchased a new position in shares of Comfort Systems USA in the 3rd quarter valued at approximately $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FIX. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. UBS Group raised their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. Stifel Nicolaus reduced their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, Northcoast Research started coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $530.75.

Comfort Systems USA Stock Up 1.5 %

Comfort Systems USA stock opened at $362.02 on Monday. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 24.78 and a beta of 1.22. The stock has a fifty day simple moving average of $436.85 and a two-hundred day simple moving average of $417.72. Comfort Systems USA, Inc. has a 12 month low of $272.92 and a 12 month high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.44%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.95%.

Comfort Systems USA Company 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.