Orion Portfolio Solutions LLC Sells 2,250 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Orion Portfolio Solutions LLC reduced its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,659 shares of the construction company's stock after selling 2,250 shares during the period. Orion Portfolio Solutions LLC's holdings in Comfort Systems USA were worth $4,944,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pictet Asset Management Holding SA raised its position in Comfort Systems USA by 8.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,909 shares of the construction company's stock worth $2,082,000 after buying an additional 370 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Comfort Systems USA in the fourth quarter worth approximately $3,275,000. Norges Bank purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $196,154,000. JPMorgan Chase & Co. lifted its position in Comfort Systems USA by 191.2% during the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock valued at $161,523,000 after purchasing an additional 250,085 shares during the period. Finally, Neumeier Poma Investment Counsel LLC boosted its holdings in Comfort Systems USA by 36.9% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 73,534 shares of the construction company's stock worth $31,183,000 after purchasing an additional 19,833 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

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Comfort Systems USA Stock Performance

Shares of FIX stock traded down $31.50 during mid-day trading on Thursday, reaching $310.78. 195,426 shares of the company's stock traded hands, compared to its average volume of 560,930. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market capitalization of $11.05 billion, a PE ratio of 21.27 and a beta of 1.24. Comfort Systems USA, Inc. has a 12 month low of $272.92 and a 12 month high of $553.09. The firm has a 50 day moving average price of $382.07 and a two-hundred day moving average price of $418.50.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping analysts' consensus estimates of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.77 billion. On average, research 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 declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's dividend payout ratio is presently 10.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FIX. Stifel Nicolaus decreased their target price on shares of 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. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. UBS Group raised 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. Finally, StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.