Hood River Capital Management LLC Lowers Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Hood River Capital Management LLC decreased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 40.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 232,053 shares of the construction company's stock after selling 156,789 shares during the period. Comfort Systems USA comprises 1.5% of Hood River Capital Management LLC's portfolio, making the stock its 15th largest holding. Hood River Capital Management LLC owned 0.65% of Comfort Systems USA worth $98,404,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Consolidated Planning Corp lifted its holdings in Comfort Systems USA by 49.0% in the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock valued at $2,028,000 after acquiring an additional 1,573 shares during the period. Diversified Trust Co acquired a new position in Comfort Systems USA during the fourth quarter worth about $2,998,000. Raymond James Financial Inc. acquired a new stake in shares of Comfort Systems USA during the 4th quarter valued at approximately $39,038,000. BOCHK Asset Management Ltd acquired a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $509,000. Finally, HB Wealth Management LLC purchased a new position in Comfort Systems USA in the 4th quarter valued at approximately $292,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $339.95 on Wednesday. The business's fifty day moving average price is $346.78 and its 200 day moving average price is $412.87. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. 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 $12.01 billion, a P/E ratio of 23.27 and a beta of 1.27.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 7.43% and a return on equity of 35.28%. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors 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. The ex-dividend date was Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.47%. Comfort Systems USA's payout ratio is presently 10.95%.

Analysts Set New Price Targets

A number of research firms recently commented on FIX. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research note on Monday, February 24th. Stifel Nicolaus decreased their price target on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $530.75.

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.

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