Rakuten Securities Inc. Sells 169 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Rakuten Securities Inc. lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 59.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 117 shares of the construction company’s stock after selling 169 shares during the period. Rakuten Securities Inc.’s holdings in Comfort Systems USA were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIX. Consolidated Planning Corp lifted its holdings in shares of Comfort Systems USA by 49.0% during the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock valued at $2,028,000 after purchasing an additional 1,573 shares in the last quarter. Diversified Trust Co bought a new position in shares of Comfort Systems USA during the 4th quarter valued at about $2,998,000. Entropy Technologies LP bought a new position in shares of Comfort Systems USA during the 3rd quarter valued at about $1,484,000. Zacks Investment Management lifted its holdings in shares of Comfort Systems USA by 26.2% during the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock valued at $3,376,000 after purchasing an additional 1,795 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of Comfort Systems USA during the 3rd quarter valued at about $940,000. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Sidoti upgraded 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. Stifel Nicolaus cut their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. 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 objective on the stock. Finally, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $530.75.

Comfort Systems USA Stock Up 3.5 %

Shares of Comfort Systems USA stock opened at $336.09 on Thursday. The business’s 50 day simple moving average is $420.94 and its 200 day simple 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 firm has a market cap of $11.95 billion, a PE ratio of 23.00 and a beta of 1.24. 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 posted its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.46. The firm 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%. On average, analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.48%. Comfort Systems USA’s payout ratio is 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.