Mitsubishi UFJ Asset Management Co. Ltd. Invests $170.89 Million in Comfort Systems USA, Inc. $FIX

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 86,222 shares of the construction company’s stock, valued at approximately $170,888,000.

Several other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in Comfort Systems USA by 41.1% during the first quarter. NewEdge Advisors LLC now owns 3,412 shares of the construction company’s stock valued at $1,100,000 after purchasing an additional 993 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Comfort Systems USA by 110.6% in the 1st quarter. Focus Partners Wealth now owns 2,300 shares of the construction company’s stock worth $741,000 after purchasing an additional 1,208 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Comfort Systems USA by 40.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,079 shares of the construction company’s stock worth $579,000 after purchasing an additional 313 shares during the last quarter. WINTON GROUP Ltd acquired a new position in Comfort Systems USA during the 2nd quarter valued at approximately $567,000. Finally, Sei Investments Co. grew its stake in Comfort Systems USA by 69.2% during the 2nd quarter. Sei Investments Co. now owns 43,631 shares of the construction company’s stock worth $23,395,000 after buying an additional 17,839 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Up 6.0%

NYSE FIX opened at $1,879.96 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.19 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $1,793.64 and a 200 day simple moving average of $1,643.63. Comfort Systems USA, Inc. has a 12 month low of $655.96 and a 12 month high of $2,073.99. The firm has a market capitalization of $66.16 billion, a P/E ratio of 46.24 and a beta of 1.69.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. The business’s revenue was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.53 EPS. On average, analysts predict that Comfort Systems USA, Inc. will post 46.77 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Thursday, August 13th will be paid a dividend of $0.90 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, August 13th. Comfort Systems USA’s dividend payout ratio is presently 8.85%.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Rhoman J. Hardy sold 342 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $1,900.08, for a total transaction of $649,827.36. Following the transaction, the director owned 1,890 shares in the company, valued at $3,591,151.20. The trade was a 15.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Franklin Myers sold 6,700 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $1,954.47, for a total value of $13,094,949.00. Following the completion of the transaction, the director directly owned 62,115 shares of the company’s stock, valued at $121,401,904.05. This represents a 9.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 14,542 shares of company stock worth $26,437,101. Insiders own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FIX shares. The Goldman Sachs Group started coverage on shares of Comfort Systems USA in a report on Thursday, July 9th. They issued a “buy” rating and a $2,159.00 target price on the stock. Wall Street Zen downgraded Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. UBS Group upped their price target on Comfort Systems USA from $2,125.00 to $2,225.00 and gave the stock a “buy” rating in a report on Monday, July 27th. KeyCorp raised their price objective on shares of Comfort Systems USA from $2,004.00 to $2,110.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Finally, Glj Research started coverage on shares of Comfort Systems USA in a research note on Monday, April 20th. They set a “buy” rating and a $2,001.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $2,057.86.

Comfort Systems USA Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.