Private Advisor Group LLC Reduces Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Private Advisor Group LLC lessened its position in Comfort Systems USA, Inc. (NYSE:FIX) by 44.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 588 shares of the construction company’s stock after selling 467 shares during the quarter. Private Advisor Group LLC’s holdings in Comfort Systems USA were worth $249,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FIX. State Street Corp lifted its holdings in Comfort Systems USA by 0.6% during the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after buying an additional 6,496 shares in the last quarter. Geode Capital Management LLC grew its position in Comfort Systems USA by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after purchasing an additional 47,929 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Comfort Systems USA by 2.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 363,947 shares of the construction company’s stock worth $154,335,000 after purchasing an additional 7,890 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of Comfort Systems USA by 20.6% in the 3rd quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock valued at $99,735,000 after acquiring an additional 43,691 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Comfort Systems USA by 6,071.6% in the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after acquiring an additional 173,709 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 6.1 %

Shares of NYSE:FIX opened at $327.29 on Friday. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 22.40 and a beta of 1.22. 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 quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average price is $429.12 and its 200 day moving average price is $416.73.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. The company 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, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.49%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is 10.95%.

Wall Street Analysts Forecast Growth

FIX has been the subject of several analyst reports. 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. Stifel Nicolaus dropped their target price 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. 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. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Finally, Northcoast Research assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. 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 a consensus price target 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.