Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 298,765 shares of the construction company's stock after selling 3,233 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.84% of Comfort Systems USA worth $126,694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in Comfort Systems USA in the third quarter valued at about $28,000. Harbor Investment Advisory LLC raised its position in shares of 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 acquiring an additional 55 shares in the last quarter. Private Trust Co. NA lifted 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 purchasing an additional 31 shares during the last quarter. True Wealth Design LLC acquired a new position in Comfort Systems USA in the third quarter worth $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Comfort Systems USA by 28.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after purchasing an additional 28 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research analysts have recently commented on FIX shares. Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a "buy" rating and a $525.00 price target for the company. 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 report on Monday, February 24th. UBS Group raised their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a report 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 for the company in a research note on Monday, February 24th. Finally, StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, February 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of "Buy" and an average price target of $530.75.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded up $11.06 during mid-day trading on Wednesday, hitting $335.64. 331,660 shares of the company's stock traded hands, compared to its average volume of 407,612. 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 one year low of $272.93 and a one year high of $553.09. The firm has a 50 day moving average price of $422.70 and a 200 day moving average price of $417.53. The company has a market cap of $11.93 billion, a PE ratio of 22.98 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued 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 business had revenue of $1.87 billion for 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%. On average, equities analysts forecast 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 issued a $0.40 dividend. The ex-dividend date is Monday, March 10th. 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 0.48%. Comfort Systems USA's dividend payout ratio (DPR) is 10.95%.

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.