Victory Capital Management Inc. Sells 22,632 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Victory Capital Management Inc. decreased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 33.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,362 shares of the construction company’s stock after selling 22,632 shares during the quarter. Victory Capital Management Inc. owned about 0.12% of Comfort Systems USA worth $18,812,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in Comfort Systems USA by 19.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 6,200 shares of the construction company’s stock valued at $2,420,000 after buying an additional 1,015 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Comfort Systems USA by 7.4% in the third quarter. Verdence Capital Advisors LLC now owns 830 shares of the construction company’s stock valued at $324,000 after acquiring an additional 57 shares in the last quarter. Axxcess Wealth Management LLC increased its position in Comfort Systems USA by 14.8% during the third quarter. Axxcess Wealth Management LLC now owns 2,220 shares of the construction company’s stock worth $867,000 after acquiring an additional 287 shares during the period. Nations Financial Group Inc. IA ADV acquired a new stake in Comfort Systems USA in the 3rd quarter worth about $524,000. Finally, Apollon Wealth Management LLC bought a new stake in Comfort Systems USA in the 3rd quarter valued at about $655,000. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

FIX has been the topic of several recent research reports. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Northcoast Research started coverage on 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. UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday, February 24th. Finally, Stifel Nicolaus decreased their price target on 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $530.75.

Comfort Systems USA Stock Up 4.1 %

Shares of FIX opened at $326.05 on Wednesday. The firm has a 50 day simple moving average of $422.70 and a two-hundred day simple moving average of $417.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The company has a market cap of $11.59 billion, a P/E ratio of 22.32 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The company 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%. Research analysts forecast 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 will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.95%.

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.