Fox Run Management L.L.C. Decreases Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Fox Run Management L.L.C. cut its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 48.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,507 shares of the construction company’s stock after selling 1,409 shares during the quarter. Fox Run Management L.L.C.’s holdings in Comfort Systems USA were worth $639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp grew its stake 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 in the last quarter. Geode Capital Management LLC grew its position in Comfort Systems USA by 6.8% in the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock valued at $292,093,000 after acquiring an additional 47,929 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Comfort Systems USA in the fourth quarter valued at approximately $217,771,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Comfort Systems USA by 2.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 363,947 shares of the construction company’s stock valued at $154,335,000 after purchasing an additional 7,890 shares during the period. Finally, Royal London Asset Management Ltd. lifted its position in shares of Comfort Systems USA by 20.6% during the third quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock worth $99,735,000 after purchasing an additional 43,691 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $380.25 on Tuesday. The firm has a market cap of $13.52 billion, a PE ratio of 26.03 and a beta of 1.24. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The firm’s 50-day simple moving average is $405.77 and its 200-day simple moving average is $418.50. 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, topping analysts’ consensus estimates of $3.63 by $0.46. The company had revenue of $1.87 billion for 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 analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.42%. 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%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Stifel Nicolaus dropped their target price on 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. UBS Group boosted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research note on Monday, February 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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.