Sequoia Financial Advisors LLC Reduces Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Sequoia Financial Advisors LLC cut its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 6.1% in the fourth quarter, Holdings Channel reports. The fund owned 1,413 shares of the construction company’s stock after selling 91 shares during the period. Sequoia Financial Advisors LLC’s holdings in Comfort Systems USA were worth $599,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Proficio Capital Partners LLC purchased a new position in Comfort Systems USA during the fourth quarter worth about $217,771,000. Jennison Associates LLC increased its holdings in shares of Comfort Systems USA by 6,071.6% during the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after buying an additional 173,709 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Comfort Systems USA during the 4th quarter valued at approximately $39,038,000. EULAV Asset Management lifted its holdings in Comfort Systems USA by 80.0% in the third quarter. EULAV Asset Management now owns 145,103 shares of the construction company’s stock valued at $56,641,000 after acquiring an additional 64,500 shares during the last quarter. Finally, River Global Investors LLP purchased a new position in Comfort Systems USA in the fourth quarter worth approximately $20,945,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on FIX. Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a research note on Monday, February 24th. Stifel Nicolaus reduced 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 note on Monday, February 24th. Finally, UBS Group increased their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $530.75.

Comfort Systems USA Stock Performance

NYSE FIX opened at $346.14 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $12.31 billion, a P/E ratio of 23.69 and a beta of 1.24. The stock has a 50-day moving average of $414.62 and a two-hundred day moving average of $417.48. 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 announced its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 7.43% and a return on equity of 35.28%. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed 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 a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.95%.

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.