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

Royal London Asset Management Ltd. decreased its position in Comfort Systems USA, Inc. (NYSE:FIX) by 11.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 227,259 shares of the construction company’s stock after selling 28,242 shares during the quarter. Royal London Asset Management Ltd. owned about 0.64% of Comfort Systems USA worth $96,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Comfort Systems USA by 0.6% in the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after buying an additional 6,496 shares during the last quarter. Geode Capital Management LLC grew its stake in Comfort Systems USA by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after acquiring an additional 47,929 shares during the period. Proficio Capital Partners LLC acquired a new position in Comfort Systems USA in the 4th quarter valued at $217,771,000. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Comfort Systems USA by 2.2% during 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 purchasing an additional 7,890 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Comfort Systems USA by 6,071.6% during the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after purchasing an additional 173,709 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 5.6 %

FIX opened at $358.42 on Thursday. The firm’s 50 day moving average is $410.53 and its 200-day moving average is $416.96. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $12.74 billion, a P/E ratio of 24.53 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The business 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%. Analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm 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 dividend of $0.40 per share. 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 0.45%. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s dividend payout ratio is 10.95%.

Analysts Set New Price Targets

FIX has been the subject of several analyst reports. Stifel Nicolaus dropped their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Northcoast Research assumed coverage on shares of 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. Finally, UBS Group lifted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $530.75.

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.