Mirae Asset Global Investments Co. Ltd. Trims Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FIX. Baillie Gifford & Co. purchased a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $202,433,000. Capital World Investors grew its holdings in shares of Comfort Systems USA by 32.3% during the 1st quarter. Capital World Investors now owns 2,336,939 shares of the construction company’s stock worth $208,011,000 after acquiring an additional 570,560 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Comfort Systems USA by 417.5% during the 4th quarter. Alliancebernstein L.P. now owns 534,416 shares of the construction company’s stock worth $61,501,000 after acquiring an additional 431,146 shares during the period. Norges Bank purchased a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $49,490,000. Finally, FMR LLC grew its holdings in shares of Comfort Systems USA by 61.0% during the 3rd quarter. FMR LLC now owns 570,778 shares of the construction company’s stock worth $97,266,000 after acquiring an additional 216,200 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insider Activity at Comfort Systems USA

In other news, insider Brian E. Lane sold 16,000 shares of the stock in a transaction 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 transaction, the insider now directly 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 Securities & Exchange Commission, which is available through this link. In other news, CFO William George III sold 8,429 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.95, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian E. Lane sold 16,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $312.13, for a total value of $4,994,080.00. Following the transaction, the insider now directly owns 227,926 shares in the company, valued at $71,142,542.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,614 shares of company stock valued at $13,739,345. 2.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on FIX. UBS Group upped their price target on Comfort Systems USA from $208.00 to $254.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. DA Davidson upped their price target on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. KeyCorp began coverage on Comfort Systems USA in a research note on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th.

Comfort Systems USA Stock Performance

FIX stock opened at $299.99 on Thursday. The stock has a market capitalization of $10.71 billion, a PE ratio of 33.33 and a beta of 1.19. Comfort Systems USA, Inc. has a 12-month low of $129.77 and a 12-month high of $335.25. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03. The stock’s 50 day simple moving average is $295.24 and its 200 day simple moving average is $228.33.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.40. The business had revenue of $1.36 billion for 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%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.54 EPS. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Dividend Announcement

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 was Thursday, March 7th. This represents a $1.00 annualized dividend and a yield of 0.33%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.11%.

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.