Shelton Capital Management Sells 60 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Shelton Capital Management cut its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,342 shares of the construction company’s stock after selling 60 shares during the period. Shelton Capital Management’s holdings in Comfort Systems USA were worth $569,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Consolidated Planning Corp lifted 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 acquiring an additional 1,573 shares during the period. Diversified Trust Co bought a new position in shares of Comfort Systems USA during the 4th quarter worth about $2,998,000. Raymond James Financial Inc. bought a new position in shares of Comfort Systems USA during the 4th quarter worth about $39,038,000. BOCHK Asset Management Ltd bought a new position in shares of Comfort Systems USA during the 4th quarter worth about $509,000. Finally, HB Wealth Management LLC bought a new position in shares of Comfort Systems USA during the 4th quarter worth about $292,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Trading Up 14.4 %

Shares of FIX stock opened at $357.24 on Thursday. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The company has a market capitalization of $12.70 billion, a P/E ratio of 24.45 and a beta of 1.27. The firm has a 50-day moving average price of $363.00 and a 200 day moving average price of $415.87. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.77 billion. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a report on Monday, February 24th. Stifel Nicolaus reduced 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 report on Monday, February 24th. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $530.75.

Comfort Systems USA Company 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.