Comfort Systems USA, Inc. (NYSE:FIX) Stake Lessened by Norden Group LLC

Norden Group LLC cut its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 26.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,031 shares of the construction company's stock after selling 1,462 shares during the period. Norden Group LLC's holdings in Comfort Systems USA were worth $1,710,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth about $28,000. Harbor Investment Advisory LLC increased its holdings in Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock valued at $36,000 after buying an additional 55 shares during the last quarter. Private Trust Co. NA increased its holdings in Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after buying an additional 31 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Comfort Systems USA by 28.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after buying an additional 28 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in Comfort Systems USA during the 3rd quarter worth approximately $53,000. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Performance

Shares of FIX traded up $9.96 during midday trading on Wednesday, hitting $349.13. 578,803 shares of the stock traded hands, compared to its average volume of 406,035. The business's 50 day moving average price is $433.11 and its two-hundred day moving average price is $417.83. The firm has a market capitalization of $12.41 billion, a PE ratio of 23.90 and a beta of 1.22. 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, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09.

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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, beating analysts' consensus estimates of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.46%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA's dividend payout ratio is 10.95%.

Wall Street Analysts Forecast Growth

A number of equities research 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 raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a report on Monday, February 24th. UBS Group lifted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a report on Monday, December 9th. Stifel Nicolaus dropped their price objective on shares of 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 upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, February 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $530.75.

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.