American International Group Inc. Sells 153 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Posted by on Jun 6th, 2023

American International Group Inc. decreased its position in Comfort Systems USA, Inc. (NYSE:FIX – Get Rating) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,289 shares of the construction company’s stock after selling 153 shares during the quarter. American International Group Inc. owned approximately 0.05% of Comfort Systems USA worth $2,220,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its stake in shares of Comfort Systems USA by 190.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 435 shares of the construction company’s stock valued at $42,000 after acquiring an additional 285 shares during the period. BlackRock Inc. lifted its holdings in shares of Comfort Systems USA by 0.6% in the 3rd quarter. BlackRock Inc. now owns 5,542,358 shares of the construction company’s stock worth $539,438,000 after acquiring an additional 32,236 shares during the last quarter. North Star Investment Management Corp. bought a new stake in shares of Comfort Systems USA in the 4th quarter worth about $1,241,000. HRT Financial LP bought a new stake in shares of Comfort Systems USA in the 4th quarter worth about $2,134,000. Finally, Toth Financial Advisory Corp bought a new stake in shares of Comfort Systems USA in the 4th quarter worth about $538,000. 94.26% of the stock is currently owned by institutional investors.

Comfort Systems USA Trading Down 1.7 %

NYSE:FIX opened at $152.28 on Tuesday. Comfort Systems USA, Inc. has a one year low of $74.14 and a one year high of $156.19. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.01 and a current ratio of 1.04. The firm has a market cap of $5.45 billion, a P/E ratio of 25.34 and a beta of 1.21. The firm has a 50-day simple moving average of $143.52 and a 200-day simple moving average of $132.16.

Comfort Systems USA (NYSE:FIX – Get Rating) last posted its quarterly earnings results on Wednesday, April 26th. The construction company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.07 by $0.44. Comfort Systems USA had a net margin of 4.89% and a return on equity of 21.72%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. Equities analysts anticipate that Comfort Systems USA, Inc. will post 6.79 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 29th. Stockholders of record on Thursday, May 18th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $0.80 annualized dividend and a dividend yield of 0.53%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.18. Comfort Systems USA’s payout ratio is currently 13.31%.

Insider Activity

In other news, Director Constance Ellen Skidmore sold 3,000 shares of Comfort Systems USA stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $143.03, for a total value of $429,090.00. Following the transaction, the director now owns 24,722 shares of the company’s stock, valued at approximately $3,535,987.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FIX. DA Davidson lifted their price objective on shares of Comfort Systems USA from $135.00 to $170.00 and gave the company a “buy” rating in a report on Friday, February 24th. StockNews.com began coverage on shares of Comfort Systems USA in a report on Thursday, May 18th. They set a “buy” rating for the company. Finally, UBS Group began coverage on shares of Comfort Systems USA in a report on Thursday, June 1st. They set a “neutral” rating and a $162.00 price objective for the company.

Comfort Systems USA Profile

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Comfort Systems USA, Inc engages in the provision of mechanical and electrical contracting services. It operates under the Mechanical and Electrical Services segments. The Mechanical Services segment includes heating, ventilation, and air conditioning, plumbing, piping, and controls, as well as off-site construction, monitoring, and fire protection.

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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