Oppenheimer Asset Management Inc. trimmed its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,290 shares of the construction company's stock after selling 870 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Comfort Systems USA were worth $1,819,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Consolidated Planning Corp boosted its stake 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 buying an additional 1,573 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Comfort Systems USA during the fourth quarter worth $2,998,000. Entropy Technologies LP bought a new position in shares of Comfort Systems USA in the 3rd quarter valued at $1,484,000. Zacks Investment Management boosted its holdings in shares of Comfort Systems USA by 26.2% during the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company's stock valued at $3,376,000 after acquiring an additional 1,795 shares in the last quarter. Finally, WCM Investment Management LLC increased its holdings in Comfort Systems USA by 16.5% in the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company's stock worth $38,833,000 after purchasing an additional 14,090 shares in the last quarter. Institutional investors own 96.51% of the company's stock.
Comfort Systems USA Stock Down 1.1 %
Shares of Comfort Systems USA stock traded down $3.69 during trading on Friday, reaching $324.41. 696,551 shares of the company traded hands, compared to its average volume of 406,883. The firm has a market capitalization of $11.53 billion, a PE ratio of 22.20 and a beta of 1.22. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The company has a 50 day moving average price of $429.12 and a 200-day moving average price of $416.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.
Comfort Systems USA (NYSE:FIX - Get Free Report) last announced 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 for the quarter, compared to analyst estimates 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, equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued 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 is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.49%. Comfort Systems USA's payout ratio is currently 10.95%.
Analyst Ratings Changes
Several research analysts have recently issued reports on FIX shares. Stifel Nicolaus lowered their price objective 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. Northcoast Research began 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. UBS Group increased their price target 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. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, February 15th. Finally, 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 report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA presently has an average rating of "Buy" and a consensus price target of $530.75.
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About Comfort Systems USA
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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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