Renaissance Technologies LLC Decreases Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Renaissance Technologies LLC decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 45.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,300 shares of the construction company's stock after selling 42,700 shares during the period. Renaissance Technologies LLC owned 0.14% of Comfort Systems USA worth $21,754,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Consolidated Planning Corp grew its holdings in Comfort Systems USA by 49.0% during the 4th 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 purchased a new stake in shares of Comfort Systems USA in the fourth quarter worth $2,998,000. Raymond James Financial Inc. bought a new stake in Comfort Systems USA during the fourth quarter valued at $39,038,000. BOCHK Asset Management Ltd bought a new position in Comfort Systems USA in the 4th quarter worth about $509,000. Finally, HB Wealth Management LLC bought a new position in shares of Comfort Systems USA in the fourth quarter worth approximately $292,000. Institutional investors own 96.51% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on FIX shares. Sidoti upgraded 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. StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Stifel Nicolaus lowered their target price 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $530.75.

Comfort Systems USA Stock Performance

FIX traded down $1.01 during trading on Friday, hitting $348.16. The company's stock had a trading volume of 336,314 shares, compared to its average volume of 435,698. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The business's 50 day simple moving average is $350.97 and its 200-day simple moving average is $413.93. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of $12.30 billion, a PE ratio of 23.83 and a beta of 1.27.

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 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 analyst estimates of $1.77 billion. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.46%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.95%.

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.