Cowa LLC Sells 1,048 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Cowa LLC reduced its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,328 shares of the construction company’s stock after selling 1,048 shares during the period. Cowa LLC’s holdings in Comfort Systems USA were worth $2,259,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in Comfort Systems USA by 17.3% in the 3rd quarter. Raymond James & Associates now owns 55,290 shares of the construction company’s stock valued at $21,583,000 after acquiring an additional 8,150 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in Comfort Systems USA by 5.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the construction company’s stock valued at $587,000 after acquiring an additional 77 shares in the last quarter. Signaturefd LLC increased its position in Comfort Systems USA by 9.3% in the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock valued at $147,000 after acquiring an additional 32 shares in the last quarter. Private Advisor Group LLC increased its position in Comfort Systems USA by 11.6% in the 3rd quarter. Private Advisor Group LLC now owns 1,055 shares of the construction company’s stock valued at $412,000 after acquiring an additional 110 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Comfort Systems USA by 215.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 16,407 shares of the construction company’s stock valued at $6,404,000 after acquiring an additional 11,213 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Down 5.2 %

Shares of NYSE FIX opened at $362.18 on Friday. The stock has a market cap of $12.89 billion, a P/E ratio of 27.71 and a beta of 1.22. The firm has a 50 day moving average price of $446.90 and a 200 day moving average price of $414.14. 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 $242.84 and a 52-week high of $553.09.

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, beating analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Analysts expect that Comfort Systems USA, Inc. will post 13.95 EPS for the current 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 paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.44%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is presently 10.71%.

Wall Street Analyst Weigh In

FIX has been the subject of several analyst reports. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. UBS Group lifted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Northcoast Research initiated 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 target for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $506.75.

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.