Oppenheimer Asset Management Inc. Sells 870 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Oppenheimer Asset Management Inc. lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 16.9% during the 4th quarter, Holdings Channel reports. The firm owned 4,290 shares of the construction company’s stock after selling 870 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Comfort Systems USA were worth $1,819,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FIX. Hollencrest Capital Management acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $28,000. Harbor Investment Advisory LLC raised its position in shares of Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after acquiring an additional 55 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after acquiring an additional 28 shares during the period. True Wealth Design LLC acquired a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $53,000. Finally, V Square Quantitative Management LLC raised its position in shares of Comfort Systems USA by 32.5% in the 4th quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company’s stock valued at $71,000 after acquiring an additional 41 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

NYSE FIX opened at $345.48 on Tuesday. 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 company has a market capitalization of $12.28 billion, a PE ratio of 23.65 and a beta of 1.22. The firm’s 50 day moving average is $435.06 and its 200-day moving average is $417.77.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Equities research analysts anticipate 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 will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a $0.40 dividend. 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.46%. Comfort Systems USA’s dividend payout ratio (DPR) is 10.95%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FIX. Stifel Nicolaus cut their price target on shares of 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. Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. UBS Group raised their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday, February 24th. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company 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.