Principal Financial Group Inc. cut its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,707 shares of the construction company's stock after selling 6,852 shares during the period. Principal Financial Group Inc. owned 0.49% of Comfort Systems USA worth $73,660,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of FIX. Consolidated Planning Corp lifted its position in shares of 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 during the last quarter. Diversified Trust Co acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $2,998,000. Zacks Investment Management grew its holdings in Comfort Systems USA by 26.2% in the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company's stock valued at $3,376,000 after buying an additional 1,795 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Comfort Systems USA in the third quarter valued at about $1,484,000. Finally, WCM Investment Management LLC grew its position in shares of Comfort Systems USA by 16.5% during 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. 96.51% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently commented on FIX. UBS Group raised their price target 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. Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a "buy" rating and a $525.00 target price on the stock. StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, February 15th. Finally, Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a "buy" rating in a report on Friday, January 24th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA has an average rating of "Buy" and an average price target of $506.75.
Read Our Latest Research Report on FIX
Comfort Systems USA Trading Down 5.6 %
Shares of NYSE:FIX traded down $21.51 during midday trading on Friday, hitting $360.62. 659,890 shares of the stock were exchanged, compared to its average volume of 511,086. The business's 50-day moving average price is $446.90 and its 200 day moving average price is $414.14. The stock has a market capitalization of $12.83 billion, a price-to-earnings ratio of 27.53 and a beta of 1.22. Comfort Systems USA, Inc. has a 12 month low of $242.84 and a 12 month 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 released its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Analysts predict that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.44%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's payout ratio is 10.71%.
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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