O Shaughnessy Asset Management LLC Decreases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

O Shaughnessy Asset Management LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 10,385 shares of the construction company’s stock after selling 231 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Comfort Systems USA were worth $4,404,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA acquired a new stake in Comfort Systems USA in the 3rd quarter valued at about $214,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Comfort Systems USA by 1.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,151 shares of the construction company’s stock valued at $3,182,000 after purchasing an additional 98 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Comfort Systems USA by 77.4% in the third quarter. Captrust Financial Advisors now owns 2,012 shares of the construction company’s stock valued at $785,000 after purchasing an additional 878 shares during the last quarter. Benjamin Edwards Inc. lifted its position in Comfort Systems USA by 8.4% during the third quarter. Benjamin Edwards Inc. now owns 1,184 shares of the construction company’s stock worth $462,000 after buying an additional 92 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in Comfort Systems USA by 11.3% during the third quarter. IHT Wealth Management LLC now owns 848 shares of the construction company’s stock worth $331,000 after buying an additional 86 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FIX shares. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a research note on Monday, February 24th. UBS Group lifted their target price 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. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Finally, Stifel Nicolaus reduced their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average target price of $530.75.

Comfort Systems USA Trading Up 3.7 %

NYSE FIX opened at $342.18 on Thursday. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The stock has a market capitalization of $12.17 billion, a P/E ratio of 23.42 and a beta of 1.24. The firm’s 50-day moving average is $382.07 and its two-hundred day moving average is $418.50. 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 posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, March 10th. 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%.

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.