Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 28.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,454 shares of the construction company’s stock after selling 6,039 shares during the period. Treasurer of the State of North Carolina’s holdings in Comfort Systems USA were worth $6,553,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FIX. Barclays PLC raised its position in shares of Comfort Systems USA by 23.4% during the 3rd quarter. Barclays PLC now owns 22,848 shares of the construction company’s stock valued at $8,919,000 after buying an additional 4,331 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Comfort Systems USA by 48.9% in 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 during the last quarter. World Investment Advisors LLC purchased a new position in shares of Comfort Systems USA during the 3rd quarter worth $1,137,000. Franklin Resources Inc. increased its position in shares of Comfort Systems USA by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company’s stock worth $69,402,000 after purchasing an additional 1,236 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Comfort Systems USA by 14.1% in the 4th 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. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 0.9 %

Shares of FIX stock opened at $351.77 on Tuesday. The stock has a market capitalization of $12.43 billion, a P/E ratio of 24.08 and a beta of 1.27. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. 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 company has a 50 day moving average price of $357.82 and a 200 day moving average price of $415.08.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion for 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%. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given 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 0.45%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus dropped their price target 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. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a report on Monday, February 24th. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.