Glenview Trust co Sells 249 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Glenview Trust co decreased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 31.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 531 shares of the construction company’s stock after selling 249 shares during the quarter. Glenview Trust co’s holdings in Comfort Systems USA were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Consolidated Planning Corp increased its position in shares of Comfort Systems USA by 49.0% in the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock worth $2,028,000 after purchasing an additional 1,573 shares during the period. Diversified Trust Co bought a new position in shares of Comfort Systems USA in the fourth quarter worth $2,998,000. Zacks Investment Management increased its position in shares of Comfort Systems USA by 26.2% in the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after purchasing an additional 1,795 shares during the period. Raymond James Financial Inc. acquired a new stake in Comfort Systems USA in the fourth quarter valued at about $39,038,000. Finally, Quest Partners LLC acquired a new stake in Comfort Systems USA in the third quarter valued at about $940,000. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the topic of several research analyst reports. UBS Group raised 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. Northcoast Research initiated coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. Stifel Nicolaus cut their price target on 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. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a research note on Monday, February 24th. Finally, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $530.75.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $339.17 on Wednesday. The stock’s 50 day moving average is $412.36 and its 200 day moving average is $417.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market cap of $12.06 billion, a P/E ratio of 23.21 and a beta of 1.24. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping 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%. As a group, research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. 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 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s payout ratio is presently 10.95%.

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.