Verus Capital Partners LLC Sells 335 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Verus Capital Partners LLC lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 19.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,397 shares of the construction company’s stock after selling 335 shares during the quarter. Verus Capital Partners LLC’s holdings in Comfort Systems USA were worth $592,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of FIX. Consolidated Planning Corp raised 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 worth $2,028,000 after buying an additional 1,573 shares in the last quarter. Diversified Trust Co acquired a new stake in Comfort Systems USA in the fourth quarter valued at $2,998,000. Zacks Investment Management raised its position in shares of Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after acquiring an additional 1,795 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $1,484,000. Finally, WCM Investment Management LLC boosted its position in Comfort Systems USA by 16.5% during the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock valued at $38,833,000 after acquiring an additional 14,090 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of research analyst reports. UBS Group increased their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus lowered their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a report on Monday, February 24th. Northcoast Research started coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $530.75.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $362.02 on Friday. The business’s fifty day moving average is $436.85 and its 200 day moving average is $416.43. Comfort Systems USA, Inc. has a 52-week low of $272.92 and a 52-week high of $553.09. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 24.78 and a beta of 1.22. 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 issued its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced 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 represents a $1.60 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio is currently 10.95%.

About Comfort Systems USA

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.