Verdence Capital Advisors LLC Has $339,000 Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Verdence Capital Advisors LLC lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 3.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 799 shares of the construction company’s stock after selling 31 shares during the period. Verdence Capital Advisors LLC’s holdings in Comfort Systems USA were worth $339,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FIX. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA in the third quarter valued at about $28,000. Harbor Investment Advisory LLC raised its stake in Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after purchasing an additional 55 shares in the last quarter. Private Trust Co. NA boosted its holdings in Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after purchasing an additional 31 shares during the period. True Wealth Design LLC acquired a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Comfort Systems USA by 28.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after purchasing an additional 28 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FIX has been the subject of several recent research reports. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a research note on Monday, February 24th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. UBS Group raised their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Northcoast Research assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company. Finally, Stifel Nicolaus decreased their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Five 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 price target of $530.75.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $324.41 on Friday. 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, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The stock has a market capitalization of $11.53 billion, a P/E ratio of 22.20 and a beta of 1.22. The stock has a fifty day moving average of $426.97 and a 200-day moving average of $416.67.

Comfort Systems USA (NYSE:FIX) last released its earnings results 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. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.40 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.49%. Comfort Systems USA’s dividend payout ratio is presently 10.95%.

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.