Envestnet Asset Management Inc. Sells 10,704 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Envestnet Asset Management Inc. decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 12.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 77,932 shares of the construction company's stock after selling 10,704 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.22% of Comfort Systems USA worth $33,048,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in 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 worth $53,000 after buying an additional 28 shares in the last quarter. Dakota Wealth Management grew its position in Comfort Systems USA by 3.8% during the 4th quarter. Dakota Wealth Management now owns 788 shares of the construction company's stock worth $334,000 after acquiring an additional 29 shares during the last quarter. Private Trust Co. NA increased its stake in shares of 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 buying an additional 31 shares during the period. Trust Point Inc. grew its stake in shares of Comfort Systems USA by 1.8% in the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock worth $775,000 after purchasing an additional 32 shares during the last quarter. Finally, Savant Capital LLC grew its position in shares of Comfort Systems USA by 0.8% in the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock worth $1,739,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have commented on FIX. Stifel Nicolaus lowered their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a report on Monday, February 24th. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Wednesday, April 9th. 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of "Buy" and a consensus price target of $530.75.

Comfort Systems USA Stock Down 1.9 %

FIX traded down $6.65 during trading on Wednesday, hitting $349.56. 236,575 shares of the company's stock traded hands, compared to its average volume of 434,997. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The company's 50 day simple moving average is $355.55 and its two-hundred day simple moving average is $414.67. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of 23.93 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data 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 return on equity of 35.28% and a net margin of 7.43%. Analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

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