Securian Asset Management Inc. Sells 132 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Securian Asset Management Inc. lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,682 shares of the construction company’s stock after selling 132 shares during the quarter. Securian Asset Management Inc.’s holdings in Comfort Systems USA were worth $1,137,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in shares of Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after buying an additional 77 shares during the period. Saturna Capital Corp lifted its position in shares of Comfort Systems USA by 5.8% during the 4th quarter. Saturna Capital Corp now owns 3,499 shares of the construction company’s stock worth $1,484,000 after buying an additional 191 shares during the period. PFG Advisors bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $264,000. Moors & Cabot Inc. bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $313,000. Finally, Prosperity Financial Group Inc. lifted its position in shares of Comfort Systems USA by 16.8% during the 4th quarter. Prosperity Financial Group Inc. now owns 599 shares of the construction company’s stock worth $254,000 after buying an additional 86 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 4.5 %

NYSE FIX opened at $341.92 on Friday. The stock has a fifty day moving average of $416.79 and a 200-day moving average of $416.37. The stock has a market capitalization of $12.16 billion, a P/E ratio of 23.40 and a beta of 1.24. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last released its earnings results 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 analysts’ expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. 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 company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is 10.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FIX shares. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Northcoast Research started coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. Stifel Nicolaus dropped their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a report on Monday, February 24th. UBS Group raised their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target 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 company currently has a consensus rating of “Buy” and an average price target 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.