Comfort Systems USA, Inc. (NYSE:FIX) Holdings Cut by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 16.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,911 shares of the construction company’s stock after selling 369 shares during the period. Cornerstone Investment Partners LLC’s holdings in Comfort Systems USA were worth $810,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in Comfort Systems USA in the third quarter worth about $28,000. Harbor Investment Advisory LLC increased its stake in shares of Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after purchasing an additional 55 shares during the period. Private Trust Co. NA increased its stake in shares of Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after purchasing an additional 31 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after purchasing an additional 28 shares during the period. Finally, True Wealth Design LLC acquired a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $53,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 4.9 %

Comfort Systems USA stock opened at $345.48 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 23.65 and a beta of 1.22. Comfort Systems USA, Inc. has a 1 year low of $272.92 and a 1 year high of $553.09. The firm’s 50 day moving average price is $435.06 and its two-hundred day moving average price is $417.77.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. On average, research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.40 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.46%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FIX. UBS Group raised their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. Stifel Nicolaus lowered their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Northcoast Research began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average 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.