CreativeOne Wealth LLC Sells 939 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

CreativeOne Wealth LLC trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 28.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,392 shares of the construction company's stock after selling 939 shares during the period. CreativeOne Wealth LLC's holdings in Comfort Systems USA were worth $1,014,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FIX. Consolidated Planning Corp grew its position in Comfort Systems USA by 49.0% during the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock worth $2,028,000 after buying an additional 1,573 shares in the last quarter. Diversified Trust Co bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at about $2,998,000. Raymond James Financial Inc. purchased a new position in shares of Comfort Systems USA during the fourth quarter worth about $39,038,000. BOCHK Asset Management Ltd bought a new position in shares of Comfort Systems USA in the fourth quarter worth approximately $509,000. Finally, HB Wealth Management LLC purchased a new stake in Comfort Systems USA in the fourth quarter valued at approximately $292,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FIX shares. StockNews.com cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday. Stifel Nicolaus cut 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 research report on Monday, February 24th. Finally, 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 report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $530.75.

Comfort Systems USA Price Performance

Shares of FIX stock traded down $1.01 during trading hours on Friday, hitting $348.16. 336,314 shares of the company's stock were exchanged, compared to its average volume of 436,241. The company has a market capitalization of $12.30 billion, a PE 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, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The business's 50 day simple moving average is $349.24 and its 200-day simple moving average is $413.76.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping analysts' consensus estimates of $3.63 by $0.46. The company had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.40 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, March 10th. Comfort Systems USA's dividend payout ratio 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.