B. Metzler seel. Sohn & Co. AG Trims Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

B. Metzler seel. Sohn & Co. AG cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 57.8% during the fourth quarter, HoldingsChannel reports. The fund owned 4,446 shares of the construction company’s stock after selling 6,082 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Comfort Systems USA were worth $1,885,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FIX. Consolidated Planning Corp grew its holdings in shares of 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 acquired a new position in Comfort Systems USA in the fourth quarter valued at about $2,998,000. Zacks Investment Management boosted its stake in Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after buying an additional 1,795 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Comfort Systems USA during the fourth quarter valued at about $39,038,000. Finally, BOCHK Asset Management Ltd purchased a new stake in shares of Comfort Systems USA in the 4th quarter valued at approximately $509,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 3.7 %

Comfort Systems USA stock opened at $342.18 on Thursday. The firm has a market capitalization of $12.17 billion, a P/E ratio of 23.42 and a beta of 1.24. 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 twelve month low of $272.93 and a twelve month high of $553.09. The stock’s fifty day simple moving average is $382.07 and its 200-day simple moving average is $418.50.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.46. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate 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, equities 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 declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.47%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is currently 10.95%.

Wall Street Analyst Weigh In

FIX has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research report on Monday, February 24th. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. Finally, UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate 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.