Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 46.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,036 shares of the construction company's stock after selling 8,766 shares during the quarter. Bank of Montreal Can's holdings in Comfort Systems USA were worth $4,256,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cerity Partners LLC grew its stake in shares of Comfort Systems USA by 5.2% in the 4th quarter. Cerity Partners LLC now owns 17,476 shares of the construction company's stock worth $7,059,000 after buying an additional 859 shares in the last quarter. FMR LLC grew its position in Comfort Systems USA by 9.6% in the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after acquiring an additional 148,493 shares in the last quarter. Benchmark Investment Advisors LLC bought a new stake in Comfort Systems USA during the fourth quarter worth approximately $453,000. Aster Capital Management DIFC Ltd purchased a new stake in Comfort Systems USA during the fourth quarter valued at approximately $469,000. Finally, Federated Hermes Inc. lifted its stake in shares of Comfort Systems USA by 12.4% in the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock valued at $198,391,000 after purchasing an additional 51,771 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 0.3 %

Shares of NYSE:FIX traded down $1.01 during trading hours on Friday, hitting $348.16. The company's stock had a trading volume of 336,314 shares, compared to its average volume of 436,141. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm's fifty day moving average price is $349.24 and its 200 day moving average price is $413.65. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 23.83 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. As a group, 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 announced 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 is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.46%. Comfort Systems USA's payout ratio is 10.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a report on Monday, February 24th. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average 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.