Sumitomo Mitsui Trust Group Inc. Buys 296 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Sumitomo Mitsui Trust Group Inc. raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 13.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,556 shares of the construction company’s stock after purchasing an additional 296 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Comfort Systems USA were worth $824,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FIX. Hillsdale Investment Management Inc. increased its holdings in shares of Comfort Systems USA by 1.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company’s stock worth $950,000 after purchasing an additional 40 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Comfort Systems USA by 31.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company’s stock worth $57,000 after buying an additional 42 shares in the last quarter. Rakuten Securities Inc. increased its stake in Comfort Systems USA by 36.8% during the first quarter. Rakuten Securities Inc. now owns 160 shares of the construction company’s stock valued at $52,000 after acquiring an additional 43 shares during the period. Covestor Ltd raised its holdings in Comfort Systems USA by 10.8% in the 4th quarter. Covestor Ltd now owns 515 shares of the construction company’s stock valued at $218,000 after acquiring an additional 50 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Comfort Systems USA by 14.2% in the 1st quarter. Parallel Advisors LLC now owns 450 shares of the construction company’s stock worth $145,000 after acquiring an additional 56 shares during the period. 96.51% of the stock is owned by institutional investors.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the sale, the insider directly owned 198,046 shares of the company’s stock, valued at $85,488,536.36. This trade represents a 7.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the transaction, the director directly owned 7,236 shares in the company, valued at approximately $3,155,619.60. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,800 shares of company stock valued at $18,696,795. Insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a “buy” rating in a research note on Friday, May 23rd. Finally, DA Davidson boosted their price target on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a “buy” rating in a report on Monday, June 30th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $558.80.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $540.57 on Friday. The stock’s fifty day simple moving average is $479.46 and its 200 day simple moving average is $423.76. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 32.43 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company earned $2.69 EPS. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, analysts expect 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 was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.33%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA’s dividend payout ratio is currently 10.80%.

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.