Corebridge Financial Inc. Sells 1,918 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Corebridge Financial Inc. reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,548 shares of the construction company’s stock after selling 1,918 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of Comfort Systems USA worth $17,195,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Consolidated Planning Corp increased its holdings in shares of Comfort Systems USA by 49.0% in the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock worth $2,028,000 after purchasing an additional 1,573 shares during the last quarter. Diversified Trust Co bought a new stake in Comfort Systems USA in the 4th quarter worth approximately $2,998,000. Zacks Investment Management raised its holdings in shares of Comfort Systems USA by 26.2% during the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after acquiring an additional 1,795 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Comfort Systems USA during the 4th quarter valued at approximately $39,038,000. Finally, Commerce Bank purchased a new position in shares of Comfort Systems USA in the third quarter valued at $511,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Up 8.0 %

Shares of FIX opened at $380.25 on Tuesday. The company’s fifty day simple moving average is $405.77 and its 200-day simple moving average is $418.50. The company has a market cap of $13.52 billion, a P/E ratio of 26.03 and a beta of 1.24. 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, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09.

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

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.42%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is presently 10.95%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Stifel Nicolaus lowered their price objective on shares of 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. UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a 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 on the stock in a research note on Monday, February 24th. Finally, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $530.75.

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.