California Public Employees Retirement System Cuts Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

California Public Employees Retirement System trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,871 shares of the construction company's stock after selling 3,338 shares during the quarter. California Public Employees Retirement System owned 0.17% of Comfort Systems USA worth $25,389,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FIX. EverSource Wealth Advisors LLC raised its position in Comfort Systems USA by 1,925.0% during 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 during the period. Harbor Investment Advisory LLC lifted its position in Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock worth $36,000 after buying an additional 55 shares during the last quarter. Private Trust Co. NA boosted its stake in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after buying an additional 31 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in 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 acquiring an additional 104 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock worth $53,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

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Comfort Systems USA Trading Up 0.0 %

FIX traded up $0.11 during trading on Tuesday, hitting $312.24. 505,644 shares of the stock were exchanged, compared to its average volume of 432,733. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of 21.37 and a beta of 1.27. The firm has a 50 day simple moving average of $366.17 and a 200 day simple moving average of $416.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.51%. This is a positive change 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 (DPR) is presently 10.95%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of 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 upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a report 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 research report on Monday, December 9th. Finally, StockNews.com cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.