Los Angeles Capital Management LLC Has $22.04 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Los Angeles Capital Management LLC reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 8.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 51,984 shares of the construction company’s stock after selling 4,755 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Comfort Systems USA were worth $22,044,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Consolidated Planning Corp grew its position in shares of Comfort Systems USA by 49.0% in the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock valued at $2,028,000 after purchasing an additional 1,573 shares during the period. Diversified Trust Co acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at approximately $2,998,000. Zacks Investment Management grew its position in shares of Comfort Systems USA by 26.2% in the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock valued at $3,376,000 after purchasing an additional 1,795 shares during the period. Entropy Technologies LP acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at approximately $1,484,000. Finally, WCM Investment Management LLC grew its position in shares of Comfort Systems USA by 16.5% in the 3rd quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock valued at $38,833,000 after purchasing an additional 14,090 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FIX has been the subject of several research analyst reports. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. UBS Group boosted their target price 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 issued a “buy” rating and a $525.00 target price on the stock. 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 research note on Monday. Finally, Stifel Nicolaus cut their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $494.60.

Comfort Systems USA Trading Up 2.9 %

Shares of Comfort Systems USA stock opened at $368.86 on Wednesday. The stock has a market cap of $13.13 billion, a P/E ratio of 25.25 and a beta of 1.22. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12-month low of $272.92 and a 12-month high of $553.09. The business’s 50 day moving average is $441.09 and its 200-day moving average is $416.80.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS 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 the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Equities research 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 disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio is presently 10.95%.

Comfort Systems USA 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.