Blue Grotto Capital LLC Sells 18,369 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Blue Grotto Capital LLC lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 24.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,600 shares of the construction company's stock after selling 18,369 shares during the period. Comfort Systems USA comprises approximately 4.3% of Blue Grotto Capital LLC's investment portfolio, making the stock its 11th largest holding. Blue Grotto Capital LLC owned 0.16% of Comfort Systems USA worth $23,578,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Comfort Systems USA by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock worth $1,603,242,000 after purchasing an additional 67,240 shares in the last quarter. LPL Financial LLC boosted its position in Comfort Systems USA by 39.8% during the fourth quarter. LPL Financial LLC now owns 22,598 shares of the construction company's stock worth $9,583,000 after purchasing an additional 6,438 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Comfort Systems USA in the fourth quarter valued at $3,435,000. Hillsdale Investment Management Inc. raised its position in shares of Comfort Systems USA by 1.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock valued at $950,000 after purchasing an additional 40 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Comfort Systems USA by 38.9% in the fourth quarter. American Century Companies Inc. now owns 79,039 shares of the construction company's stock valued at $33,517,000 after purchasing an additional 22,116 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

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Comfort Systems USA Price Performance

Shares of NYSE FIX traded down $8.49 during midday trading on Friday, reaching $323.79. The company's stock had a trading volume of 675,400 shares, compared to its average volume of 422,563. 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 $11.51 billion, a P/E ratio of 22.16 and a beta of 1.24. The business's 50 day moving average price is $393.86 and its two-hundred day moving average price is $418.68. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 35.28% and a net margin of 7.43%. On average, analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.40 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.49%. Comfort Systems USA's dividend payout ratio is currently 10.95%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FIX shares. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. Stifel Nicolaus reduced their price target on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research note on Monday, February 24th. UBS Group upped 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. Finally, Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Comfort Systems USA has an average rating of "Moderate Buy" and a consensus target price 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.