MGO One Seven LLC Sells 54 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

MGO One Seven LLC reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 780 shares of the construction company’s stock after selling 54 shares during the period. MGO One Seven LLC’s holdings in Comfort Systems USA were worth $331,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Comfort Systems USA by 28.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after buying an additional 28 shares in the last quarter. Dakota Wealth Management boosted its stake in Comfort Systems USA by 3.8% during the 4th quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock valued at $334,000 after purchasing an additional 29 shares during the period. Private Trust Co. NA grew its holdings in 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 buying an additional 31 shares during the last quarter. Trust Point Inc. increased its position in Comfort Systems USA by 1.8% in the 4th quarter. Trust Point Inc. now owns 1,827 shares of the construction company’s stock worth $775,000 after buying an additional 32 shares during the period. Finally, Savant Capital LLC lifted its holdings in shares of Comfort Systems USA by 0.8% during the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company’s stock worth $1,739,000 after buying an additional 33 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Performance

FIX opened at $394.66 on Tuesday. The stock has a market cap of $13.94 billion, a PE ratio of 27.01 and a beta of 1.27. 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 1 year low of $272.93 and a 1 year high of $553.09. The stock’s 50 day simple moving average is $345.85 and its 200-day simple moving average is $412.11.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the business posted $2.69 earnings per share. The business’s revenue was up 19.1% compared to the same quarter last year. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, May 16th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio is presently 10.80%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FIX. Stifel Nicolaus cut their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a report on Monday, February 24th. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. DA Davidson upped their price target on Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a report on Monday. Finally, Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $517.60.

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.