Corebridge Financial Inc. Lowers Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

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

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

Comfort Systems USA Trading Up 8.0 %

NYSE:FIX opened at $380.25 on Tuesday. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 26.03 and a beta of 1.24. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average of $405.77 and a 200 day moving average of $418.50.

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

Comfort Systems USA Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently commented on FIX. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. UBS Group boosted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus dropped their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a research report on Monday, February 24th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $530.75.

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.