GW&K Investment Management LLC decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 194,003 shares of the construction company's stock after selling 48,229 shares during the quarter. Comfort Systems USA makes up 0.7% of GW&K Investment Management LLC's holdings, making the stock its 28th largest holding. GW&K Investment Management LLC owned 0.55% of Comfort Systems USA worth $82,269,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its holdings in shares of Comfort Systems USA by 24.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 264 shares of the construction company's stock valued at $112,000 after purchasing an additional 52 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Comfort Systems USA during the 4th quarter valued at $217,771,000. Robeco Schweiz AG raised its holdings in Comfort Systems USA by 4.1% during the 4th quarter. Robeco Schweiz AG now owns 23,100 shares of the construction company's stock valued at $9,796,000 after buying an additional 900 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Comfort Systems USA in the fourth quarter worth $4,045,000. Finally, Thompson Davis & CO. Inc. boosted its stake in Comfort Systems USA by 10.6% during the fourth quarter. Thompson Davis & CO. Inc. now owns 990 shares of the construction company's stock worth $420,000 after buying an additional 95 shares during the period. Institutional investors own 96.51% of the company's stock.
Analyst Ratings Changes
FIX has been the topic of several analyst reports. Northcoast Research assumed coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a "buy" rating and a $525.00 price target on the stock. Stifel Nicolaus reduced their price target on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a report on Monday, February 24th. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, February 15th. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a research report on Monday, February 24th. Finally, UBS Group lifted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $530.75.
Get Our Latest Research Report on Comfort Systems USA
Comfort Systems USA Trading Down 1.8 %
NYSE:FIX traded down $6.13 during midday trading on Tuesday, hitting $339.45. The stock had a trading volume of 828,117 shares, compared to its average volume of 405,925. The stock has a 50-day moving average of $435.06 and a 200 day moving average of $417.77. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 23.23 and a beta of 1.22. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.
Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.46. The firm 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%. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.
Comfort Systems USA Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This is an increase 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 0.47%. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.95%.
Comfort Systems USA Profile
(
Free Report)
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.
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