Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Capital World Investors

Capital World Investors reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 5.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,147,085 shares of the construction company’s stock after selling 130,729 shares during the period. Capital World Investors owned approximately 6.03% of Comfort Systems USA worth $910,493,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FIX. Barclays PLC grew its holdings in Comfort Systems USA by 23.4% during the third quarter. Barclays PLC now owns 22,848 shares of the construction company’s stock worth $8,919,000 after acquiring an additional 4,331 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of Comfort Systems USA by 48.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,965 shares of the construction company’s stock valued at $1,157,000 after purchasing an additional 974 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at $1,137,000. Franklin Resources Inc. boosted its holdings in Comfort Systems USA by 0.8% during the third quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company’s stock worth $69,402,000 after buying an additional 1,236 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Comfort Systems USA by 14.1% during the fourth quarter. GAMMA Investing LLC now owns 641 shares of the construction company’s stock valued at $272,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FIX. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research note on Monday, February 24th. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Stifel Nicolaus reduced their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $530.75.

Comfort Systems USA Trading Down 0.3 %

Shares of Comfort Systems USA stock opened at $348.16 on Friday. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The firm’s 50-day moving average price is $349.24 and its 200 day moving average price is $413.76. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $12.30 billion, a PE ratio of 23.83 and a beta of 1.27.

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

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.46%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s dividend payout ratio is 10.95%.

Comfort Systems USA Profile

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.