Prudential Financial Inc. Sells 7,831 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Prudential Financial Inc. reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 35.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,263 shares of the construction company's stock after selling 7,831 shares during the quarter. Prudential Financial Inc.'s holdings in Comfort Systems USA were worth $6,338,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FIX. EverSource Wealth Advisors LLC grew its holdings in shares of Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after purchasing an additional 77 shares during the last quarter. Harbor Investment Advisory LLC boosted its position 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 in the last quarter. Private Trust Co. NA grew its stake 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 during the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Comfort Systems USA by 1,300.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company's stock worth $48,000 after buying an additional 104 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after acquiring an additional 28 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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Comfort Systems USA Trading Down 4.9 %

Shares of NYSE FIX traded down $15.31 during midday trading on Friday, hitting $296.07. The stock had a trading volume of 782,799 shares, compared to its average volume of 429,097. The firm has a market cap of $10.53 billion, a P/E ratio of 20.26 and a beta of 1.24. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company's 50-day simple moving average is $372.38 and its 200 day simple moving average is $417.38.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.40 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA's dividend payout ratio is currently 10.95%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FIX shares. UBS Group increased 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. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. Stifel Nicolaus cut their price target on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a report on Monday, February 24th. Finally, Sidoti raised shares of 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Comfort Systems USA currently has an average rating of "Moderate Buy" and an average target price of $530.75.

Comfort Systems USA 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.