Teacher Retirement System of Texas Trims Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Teacher Retirement System of Texas cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 16.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,507 shares of the construction company's stock after selling 2,726 shares during the quarter. Teacher Retirement System of Texas' holdings in Comfort Systems USA were worth $5,728,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after acquiring an additional 77 shares during the period. Harbor Investment Advisory LLC lifted its position in shares of Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock worth $36,000 after purchasing an additional 55 shares during the period. Private Trust Co. NA boosted its stake in shares of Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Comfort Systems USA by 1,300.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company's stock valued at $48,000 after purchasing an additional 104 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $53,000. Institutional investors own 96.51% of the company's stock.

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Analyst Ratings Changes

A number of research firms have commented on FIX. Stifel Nicolaus reduced 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 report 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. 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 report on Monday, February 24th. Finally, UBS Group boosted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $530.75.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX traded down $13.82 during midday trading on Thursday, reaching $331.79. The company had a trading volume of 668,544 shares, compared to its average volume of 410,327. The stock has a market cap of $11.80 billion, a P/E ratio of 22.71 and a beta of 1.24. The company's 50 day moving average price is $400.94 and its 200 day moving average price is $418.48. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09.

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 analysts' consensus estimates of $3.63 by $0.46. The firm had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.40 dividend. 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. This represents a $1.60 annualized dividend and a dividend yield of 0.48%. Comfort Systems USA's payout ratio is presently 10.95%.

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.