Los Angeles Capital Management LLC trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,984 shares of the construction company's stock after selling 4,755 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.15% of Comfort Systems USA worth $22,044,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Comfort Systems USA in the fourth quarter worth $4,045,000. Thompson Davis & CO. Inc. raised its holdings in shares of Comfort Systems USA by 10.6% in the fourth quarter. Thompson Davis & CO. Inc. now owns 990 shares of the construction company's stock worth $420,000 after acquiring an additional 95 shares during the last quarter. Navellier & Associates Inc. raised its holdings in shares of Comfort Systems USA by 79.3% in the fourth quarter. Navellier & Associates Inc. now owns 21,788 shares of the construction company's stock worth $9,239,000 after acquiring an additional 9,637 shares during the last quarter. Prakash Investment Advisors LLC acquired a new position in shares of Comfort Systems USA in the fourth quarter worth $254,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of Comfort Systems USA by 19.6% in the fourth quarter. Handelsbanken Fonder AB now owns 9,137 shares of the construction company's stock worth $3,875,000 after acquiring an additional 1,500 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Northcoast Research assumed coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a "buy" rating and a $525.00 price target for the company. Sidoti upgraded 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. UBS Group upped their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Stifel Nicolaus dropped their target price on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Finally, StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, February 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $530.75.
Check Out Our Latest Stock Report on Comfort Systems USA
Comfort Systems USA Trading Up 1.5 %
Comfort Systems USA stock traded up $5.39 during trading on Friday, hitting $362.02. The company's stock had a trading volume of 728,330 shares, compared to its average volume of 561,203. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 24.78 and a beta of 1.22. The stock's fifty day moving average is $436.85 and its 200 day moving average is $416.43. Comfort Systems USA, Inc. has a 1-year low of $272.92 and a 1-year high of $553.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.
Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly 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 analyst estimates 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, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.
Comfort Systems USA Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders 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 a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.44%. Comfort Systems USA's dividend payout ratio 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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