Harvest Fund Management Co. Ltd Cuts Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Harvest Fund Management Co. Ltd cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,840 shares of the construction company’s stock after selling 48 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Comfort Systems USA were worth $780,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after acquiring an additional 77 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in 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 acquiring an additional 55 shares during the last quarter. Private Trust Co. NA boosted its stake in 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 acquiring an additional 31 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Comfort Systems USA by 1,300.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock valued at $48,000 after acquiring an additional 104 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in 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 acquiring an additional 28 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $357.31 on Friday. The firm’s 50 day simple moving average is $408.67 and its 200 day simple moving average is $416.55. 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 $12.70 billion, a PE ratio of 24.46 and a beta of 1.24. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX) last posted its earnings results 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 net margin of 7.43% and a return on equity of 35.28%. As a group, 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 announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio is 10.95%.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of research analyst reports. Sidoti upgraded 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. UBS Group boosted their target price 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. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. Finally, Stifel Nicolaus lowered their price target on shares of 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and an average price target of $530.75.

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.