Premier Fund Managers Ltd Sells 1,090 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Premier Fund Managers Ltd cut its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 8.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,340 shares of the construction company’s stock after selling 1,090 shares during the period. Premier Fund Managers Ltd’s holdings in Comfort Systems USA were worth $5,294,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIX. EverSource Wealth Advisors LLC grew its position in shares of Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after purchasing an additional 77 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after buying an additional 55 shares in the last quarter. Private Trust Co. NA grew its holdings in Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after buying an additional 31 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Comfort Systems USA by 1,300.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock valued at $48,000 after buying an additional 104 shares during the period. Finally, True Wealth Design LLC purchased a new stake in shares of Comfort Systems USA in the third quarter worth about $53,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $331.79 on Friday. The firm has a fifty day simple moving average of $397.47 and a two-hundred day simple moving average of $417.88. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The company has a market capitalization of $11.80 billion, a PE ratio of 22.71 and a beta of 1.24.

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 the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.48%. 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 dividend payout ratio is presently 10.95%.

Analyst Ratings Changes

Several equities analysts recently commented on FIX shares. UBS Group boosted their price objective 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 lowered their price objective 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. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research note on Monday, February 24th. Finally, StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $530.75.

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.