Comfort Systems USA, Inc. $FIX Shares Sold by Mitsubishi UFJ Trust & Banking Corp

by · The Cerbat Gem

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX – Free Report) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,301 shares of the construction company’s stock after selling 1,298 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of Comfort Systems USA worth $9,813,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp grew its position in Comfort Systems USA by 2,872,410.3% during the first quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock valued at $268,510,000 after acquiring an additional 832,999 shares during the period. AQR Capital Management LLC raised its holdings in shares of Comfort Systems USA by 106.4% in the 1st quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company’s stock worth $165,228,000 after purchasing an additional 273,453 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Comfort Systems USA by 299.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 319,813 shares of the construction company’s stock valued at $103,085,000 after purchasing an additional 239,692 shares in the last quarter. Nuveen LLC acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at about $74,634,000. Finally, Millennium Management LLC grew its holdings in shares of Comfort Systems USA by 91.0% during the 1st quarter. Millennium Management LLC now owns 317,852 shares of the construction company’s stock worth $102,453,000 after purchasing an additional 151,447 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comfort Systems USA

In other news, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the sale, the director directly owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. The trade was a 5.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William J. Sandbrook sold 800 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total value of $586,848.00. Following the completion of the transaction, the director owned 11,666 shares in the company, valued at approximately $8,557,710.96. This trade represents a 6.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,078 shares of company stock worth $15,242,037 over the last three months. Insiders own 1.59% of the company’s stock.

Comfort Systems USA Stock Up 1.1%

Shares of NYSE:FIX opened at $907.29 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 52-week low of $276.44 and a 52-week high of $1,020.26. The company has a 50 day moving average of $855.06 and a two-hundred day moving average of $667.53. The company has a market capitalization of $32.00 billion, a price-to-earnings ratio of 38.41 and a beta of 1.55.

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

Comfort Systems USA Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Thursday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 0.3%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.50. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.16%.

Analyst Upgrades and Downgrades

Several research firms recently commented on FIX. Wall Street Zen upgraded shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. William Blair initiated coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating for the company. Northcoast Research downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. Zacks Research upgraded shares of 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 shares of 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 given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $819.20.

Read Our Latest Analysis on Comfort Systems USA

About Comfort Systems USA

(Free Report)

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.

See Also