Truist Financial Corp Sells 13,732 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Truist Financial Corp cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 25.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,628 shares of the construction company's stock after selling 13,732 shares during the quarter. Truist Financial Corp owned 0.11% of Comfort Systems USA worth $16,805,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates boosted its stake in Comfort Systems USA by 17.3% in the 3rd quarter. Raymond James & Associates now owns 55,290 shares of the construction company's stock worth $21,583,000 after purchasing an additional 8,150 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Comfort Systems USA by 5.4% in the third quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the construction company's stock worth $587,000 after buying an additional 77 shares during the period. Signaturefd LLC boosted its position in shares of Comfort Systems USA by 9.3% in the third quarter. Signaturefd LLC now owns 377 shares of the construction company's stock worth $147,000 after buying an additional 32 shares during the period. Private Advisor Group LLC grew its holdings in shares of Comfort Systems USA by 11.6% during the third quarter. Private Advisor Group LLC now owns 1,055 shares of the construction company's stock valued at $412,000 after buying an additional 110 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Comfort Systems USA by 215.9% during the third quarter. Assenagon Asset Management S.A. now owns 16,407 shares of the construction company's stock valued at $6,404,000 after buying an additional 11,213 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Down 5.6 %

FIX traded down $21.42 on Friday, reaching $360.72. 659,890 shares of the company traded hands, compared to its average volume of 511,086. The stock's 50 day moving average price is $446.90 and its 200-day moving average price is $414.14. Comfort Systems USA, Inc. has a 52-week low of $242.84 and a 52-week high of $553.09. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 27.53 and a beta of 1.22. 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 (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.63 by $0.46. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.44%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's payout ratio is currently 10.71%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of research reports. Stifel Nicolaus raised their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. UBS Group raised their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Northcoast Research began coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a "buy" rating and a $525.00 price objective on the stock. Finally, StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, February 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of "Buy" and a consensus target price of $506.75.

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.