Verdence Capital Advisors LLC Has $339,000 Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Verdence Capital Advisors LLC reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 799 shares of the construction company’s stock after selling 31 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Comfort Systems USA were worth $339,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new stake in Comfort Systems USA during the 4th quarter worth approximately $217,771,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Comfort Systems USA in the third quarter worth $138,987,000. Jennison Associates LLC increased its holdings in Comfort Systems USA by 6,071.6% in the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after purchasing an additional 173,709 shares during the period. Natixis Advisors LLC raised its position in Comfort Systems USA by 871.4% during the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after purchasing an additional 119,033 shares during the last quarter. Finally, EULAV Asset Management lifted its holdings in Comfort Systems USA by 80.0% during the 3rd quarter. EULAV Asset Management now owns 145,103 shares of the construction company’s stock worth $56,641,000 after buying an additional 64,500 shares during the period. Institutional investors own 96.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FIX shares. UBS Group increased their price target 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. Northcoast Research began coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Stifel Nicolaus reduced their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $530.75.

Comfort Systems USA Trading Down 1.1 %

Shares of FIX stock opened at $324.41 on Friday. 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 quick ratio of 1.02 and a current ratio of 1.04. The stock has a 50 day simple moving average of $426.97 and a two-hundred day simple moving average of $416.67. The company has a market cap of $11.53 billion, a P/E ratio of 22.20 and a beta of 1.22.

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

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, March 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio is 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.