Treasurer of the State of North Carolina Sells 6,039 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Treasurer of the State of North Carolina lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 28.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,454 shares of the construction company's stock after selling 6,039 shares during the quarter. Treasurer of the State of North Carolina's holdings in Comfort Systems USA were worth $6,553,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its holdings in Comfort Systems USA by 23.4% during the 3rd quarter. Barclays PLC now owns 22,848 shares of the construction company's stock worth $8,919,000 after acquiring an additional 4,331 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Comfort Systems USA by 48.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,965 shares of the construction company's stock valued at $1,157,000 after acquiring an additional 974 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Comfort Systems USA during the third quarter valued at about $1,137,000. Franklin Resources Inc. raised its stake in Comfort Systems USA by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company's stock worth $69,402,000 after buying an additional 1,236 shares during the period. Finally, GAMMA Investing LLC grew its stake in Comfort Systems USA by 14.1% in the fourth quarter. GAMMA Investing LLC now owns 641 shares of the construction company's stock valued at $272,000 after acquiring an additional 79 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FIX has been the topic of several research reports. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. Stifel Nicolaus lowered their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Finally, StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $530.75.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded down $1.01 during mid-day trading on Friday, hitting $348.16. The company had a trading volume of 336,314 shares, compared to its average volume of 436,141. The stock's 50-day moving average price is $349.24 and its 200-day moving average price is $413.65. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year 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. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

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 net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. On average, sell-side analysts forecast 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. Investors of record on Monday, March 10th were paid a dividend of $0.40 per share. 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 yield of 0.46%. Comfort Systems USA's dividend payout ratio (DPR) is currently 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.