Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lowered its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 227,259 shares of the construction company’s stock after selling 28,242 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Comfort Systems USA were worth $96,371,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FIX. State Street Corp increased its holdings in shares of Comfort Systems USA by 0.6% in the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after acquiring an additional 6,496 shares during the last quarter. Geode Capital Management LLC increased its stake in Comfort Systems USA by 6.8% during the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock valued at $292,093,000 after purchasing an additional 47,929 shares during the last quarter. 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. lifted its position in shares of Comfort Systems USA by 2.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 363,947 shares of the construction company’s stock worth $154,335,000 after buying an additional 7,890 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Comfort Systems USA by 6,071.6% in the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after buying an additional 173,709 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $358.42 on Thursday. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a market cap of $12.74 billion, a PE ratio of 24.53 and a beta of 1.24. The stock has a 50 day simple moving average of $410.53 and a 200-day simple moving average of $416.96.

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

Comfort Systems USA Increases Dividend

The business also recently declared 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 represents a $1.60 dividend on an annualized basis and a dividend yield of 0.45%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, March 10th. Comfort Systems USA’s payout ratio is 10.95%.

Wall Street Analysts Forecast Growth

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

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.