TimesSquare Capital Management LLC trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 88,026 shares of the construction company's stock after selling 7,254 shares during the quarter. TimesSquare Capital Management LLC owned 0.25% of Comfort Systems USA worth $37,328,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $28,000. Harbor Investment Advisory LLC lifted its holdings 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 acquiring an additional 55 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock worth $53,000 after acquiring an additional 28 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $53,000. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Comfort Systems USA by 32.5% in the 4th quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company's stock worth $71,000 after acquiring an additional 41 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.
Comfort Systems USA Trading Down 5.2 %
Shares of NYSE FIX traded down $19.95 during mid-day trading on Friday, hitting $362.18. The stock had a trading volume of 1,088,247 shares, compared to its average volume of 524,969. 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, Inc. has a 1 year low of $242.84 and a 1 year high of $553.09. The business has a 50 day moving average price of $446.90 and a two-hundred day moving average price of $414.14. The firm has a market cap of $12.89 billion, a P/E ratio of 27.71 and a beta of 1.22.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.
Comfort Systems USA Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a dividend of $0.40 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, March 10th. Comfort Systems USA's payout ratio is presently 10.71%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Northcoast Research assumed coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a "buy" rating and a $525.00 price objective for the company. Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, February 15th. Finally, UBS Group lifted their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $506.75.
Get Our Latest Stock Analysis on FIX
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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