Los Angeles Capital Management LLC Sells 4,755 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Los Angeles Capital Management LLC cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,984 shares of the construction company’s stock after selling 4,755 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.15% of Comfort Systems USA worth $22,044,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd bought a new position in shares of Comfort Systems USA during the fourth quarter valued at $4,045,000. Thompson Davis & CO. Inc. raised its holdings in shares of Comfort Systems USA by 10.6% in the fourth quarter. Thompson Davis & CO. Inc. now owns 990 shares of the construction company’s stock valued at $420,000 after buying an additional 95 shares during the last quarter. Navellier & Associates Inc. raised its holdings in shares of Comfort Systems USA by 79.3% in the fourth quarter. Navellier & Associates Inc. now owns 21,788 shares of the construction company’s stock valued at $9,239,000 after buying an additional 9,637 shares during the last quarter. Prakash Investment Advisors LLC bought a new position in shares of Comfort Systems USA in the fourth quarter valued at about $254,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of Comfort Systems USA by 19.6% in the fourth quarter. Handelsbanken Fonder AB now owns 9,137 shares of the construction company’s stock valued at $3,875,000 after buying an additional 1,500 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. 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. Northcoast Research assumed coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target for the company. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Stifel Nicolaus cut 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. Finally, UBS Group lifted 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. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA has an average rating of “Buy” and a consensus target price of $494.60.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $368.86 on Wednesday. The stock has a 50-day moving average price of $441.09 and a 200 day moving average price of $416.80. 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 cap of $13.13 billion, a price-to-earnings ratio of 25.25 and a beta of 1.22. Comfort Systems USA, Inc. has a 12 month low of $272.92 and a 12 month high of $553.09.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data 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 firm had revenue of $1.87 billion during 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%. Research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.40 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Monday, March 10th. Comfort Systems USA’s 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.