Securian Asset Management Inc. Has $1.14 Million Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Securian Asset Management Inc. cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,682 shares of the construction company’s stock after selling 132 shares during the period. Securian Asset Management Inc.’s holdings in Comfort Systems USA were worth $1,137,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FIX. Proficio Capital Partners LLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth $217,771,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Comfort Systems USA during the third quarter worth $138,987,000. Jennison Associates LLC lifted its holdings in Comfort Systems USA by 6,071.6% during the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after acquiring an additional 173,709 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Comfort Systems USA by 871.4% during the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after acquiring an additional 119,033 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Comfort Systems USA during the fourth quarter worth about $39,038,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $341.92 on Friday. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 23.40 and a beta of 1.24. The stock’s 50-day moving average is $416.79 and its 200-day moving average is $416.37. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates 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%. Equities analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.47%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is currently 10.95%.

Wall Street Analysts Forecast Growth

FIX has been the topic of several recent analyst reports. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. UBS Group lifted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday, February 24th. Stifel Nicolaus reduced their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Northcoast Research assumed coverage on Comfort Systems USA in a 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 data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and an average target price of $530.75.

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.