Premier Fund Managers Ltd Lowers Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Premier Fund Managers Ltd cut its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,340 shares of the construction company's stock after selling 1,090 shares during the period. Premier Fund Managers Ltd's holdings in Comfort Systems USA were worth $5,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Comfort Systems USA by 28.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock worth $53,000 after purchasing an additional 28 shares during the last quarter. Dakota Wealth Management lifted its position in Comfort Systems USA by 3.8% during the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company's stock worth $334,000 after buying an additional 29 shares in the last quarter. Private Trust Co. NA lifted its position in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after buying an additional 31 shares in the last quarter. Trust Point Inc. boosted its stake in Comfort Systems USA by 1.8% during the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock worth $775,000 after buying an additional 32 shares during the last quarter. Finally, Savant Capital LLC grew its holdings in Comfort Systems USA by 0.8% in the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock valued at $1,739,000 after buying an additional 33 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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Comfort Systems USA Trading Up 2.5 %

Shares of FIX traded up $8.00 during midday trading on Tuesday, hitting $330.33. 154,676 shares of the stock were exchanged, compared to its average volume of 563,028. 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 cap of $11.74 billion, a P/E ratio of 22.58 and a beta of 1.24. Comfort Systems USA, Inc. has a 52-week low of $272.92 and a 52-week high of $553.09. The stock has a fifty day simple moving average of $390.21 and a 200 day simple moving average of $419.16.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results 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 company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.48%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. Comfort Systems USA's payout ratio is presently 10.95%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FIX shares. UBS Group boosted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Stifel Nicolaus dropped their price target 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. StockNews.com downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. Finally, Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus price target 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.