Royce & Associates LP Lowers Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Royce & Associates LP trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 86.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 845 shares of the construction company’s stock after selling 5,577 shares during the quarter. Royce & Associates LP’s holdings in Comfort Systems USA were worth $358,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Comfort Systems USA by 28.6% during the 4th 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 period. Dakota Wealth Management boosted its stake in shares of Comfort Systems USA by 3.8% in the 4th quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock valued at $334,000 after buying an additional 29 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 buying an additional 31 shares during the period. Trust Point Inc. boosted its stake in shares of Comfort Systems USA by 1.8% in the 4th quarter. Trust Point Inc. now owns 1,827 shares of the construction company’s stock valued at $775,000 after buying an additional 32 shares during the period. Finally, Savant Capital LLC boosted its stake in shares of Comfort Systems USA by 0.8% in the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company’s stock valued at $1,739,000 after buying an additional 33 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FIX has been the subject of several recent research reports. Stifel Nicolaus decreased their price objective 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. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research note on Monday, February 24th. UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Finally, Northcoast Research started coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $530.75.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $352.82 on Friday. 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 fifty-two week low of $272.93 and a fifty-two week high of $553.09. The firm has a market capitalization of $12.54 billion, a PE ratio of 24.15 and a beta of 1.24. The stock’s 50-day simple moving average is $406.93 and its 200-day simple moving average is $416.55.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.63 by $0.46. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.40 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.45%. Comfort Systems USA’s payout ratio is 10.95%.

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.