Royce & Associates LP Lowers Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Royce & Associates LP reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 86.8% during the 4th quarter, HoldingsChannel reports. The firm owned 845 shares of the construction company’s stock after selling 5,577 shares during the period. Royce & Associates LP’s holdings in Comfort Systems USA were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Consolidated Planning Corp grew its stake in shares of Comfort Systems USA by 49.0% in the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock valued at $2,028,000 after purchasing an additional 1,573 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $2,998,000. Zacks Investment Management boosted its stake in shares of Comfort Systems USA by 26.2% in the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock valued at $3,376,000 after buying an additional 1,795 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $39,038,000. Finally, Commerce Bank purchased a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $511,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Comfort Systems USA Stock Down 1.1 %

FIX opened at $352.82 on Friday. The business’s fifty day moving average is $406.93 and its two-hundred day moving average is $416.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 24.15 and a beta of 1.24. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09.

Comfort Systems USA (NYSE:FIX) last posted its 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 for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Analysts anticipate 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 was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.45%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s payout ratio is 10.95%.

Comfort Systems USA 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.