Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lessened its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 11.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 227,259 shares of the construction company's stock after selling 28,242 shares during the period. Royal London Asset Management Ltd. owned 0.64% of Comfort Systems USA worth $96,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of FIX. EverSource Wealth Advisors LLC lifted its holdings 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 worth $34,000 after buying an additional 77 shares during the period. Harbor Investment Advisory LLC increased its position in 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 buying an additional 55 shares in the last quarter. Private Trust Co. NA boosted its holdings in Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after acquiring an additional 31 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position 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 valued at $53,000 after purchasing an additional 28 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

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Analysts Set New Price Targets

A number of equities research analysts recently commented on FIX shares. Stifel Nicolaus dropped their target price on 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 raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a report on Monday, February 24th. UBS Group increased their target price 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 upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, February 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $530.75.

Comfort Systems USA Price Performance

Shares of NYSE:FIX traded up $28.10 during midday trading on Monday, hitting $380.25. The company had a trading volume of 459,021 shares, compared to its average volume of 407,125. The business's 50-day simple moving average is $406.93 and its 200-day simple moving average is $417.98. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 26.03 and a beta of 1.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.77 billion. On average, research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.40 dividend. This is a positive change 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 dividend yield of 0.42%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.95%.

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.