Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Capital World Investors

Capital World Investors decreased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,147,085 shares of the construction company's stock after selling 130,729 shares during the quarter. Capital World Investors owned 6.03% of Comfort Systems USA worth $910,493,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FIX. Vanguard Group Inc. increased its stake in Comfort Systems USA by 1.8% in the fourth 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 during the period. FMR LLC grew its holdings in shares of 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 purchasing an additional 148,493 shares during the last quarter. Geode Capital Management LLC increased its stake in Comfort Systems USA by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after buying an additional 21,406 shares during the period. Proficio Capital Partners LLC bought a new stake in Comfort Systems USA during the 4th quarter valued at about $217,771,000. Finally, Federated Hermes Inc. boosted its position in 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 buying an additional 51,771 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 7.9 %

FIX traded up $29.91 on Friday, hitting $406.12. The company had a trading volume of 803,855 shares, compared to its average volume of 438,862. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of 27.71 and a beta of 1.27. The stock has a fifty day moving average price of $345.79 and a 200-day moving average price of $412.27. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. 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 earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.44%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio is presently 10.95%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FIX. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. 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 note on Monday, February 24th. Finally, Stifel Nicolaus cut their target price 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Comfort Systems USA presently has an average rating of "Moderate Buy" and an average price target of $530.75.

Comfort Systems USA 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.