Principal Securities Inc. Sells 223 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Principal Securities Inc. lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 18.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 994 shares of the construction company’s stock after selling 223 shares during the period. Principal Securities Inc.’s holdings in Comfort Systems USA were worth $422,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James & Associates boosted its stake in shares of Comfort Systems USA by 17.3% during the 3rd quarter. Raymond James & Associates now owns 55,290 shares of the construction company’s stock worth $21,583,000 after acquiring an additional 8,150 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Comfort Systems USA by 5.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the construction company’s stock valued at $587,000 after purchasing an additional 77 shares during the last quarter. Signaturefd LLC boosted its position in Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after purchasing an additional 32 shares during the period. Private Advisor Group LLC increased its holdings in shares of Comfort Systems USA by 11.6% in the third quarter. Private Advisor Group LLC now owns 1,055 shares of the construction company’s stock valued at $412,000 after purchasing an additional 110 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of Comfort Systems USA by 215.9% in the third quarter. Assenagon Asset Management S.A. now owns 16,407 shares of the construction company’s stock valued at $6,404,000 after purchasing an additional 11,213 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 5.2 %

Shares of FIX opened at $362.18 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12 month low of $242.84 and a 12 month high of $553.09. The firm’s 50 day moving average is $444.90 and its 200-day moving average is $414.56. The stock has a market capitalization of $12.89 billion, a PE ratio of 24.79 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.46. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations 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 forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.44%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, March 10th. Comfort Systems USA’s dividend payout ratio is presently 9.58%.

Analyst Ratings Changes

FIX has been the subject of several research analyst reports. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a report on Friday, January 24th. UBS Group increased their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $506.75.

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.