New York Life Investment Management LLC Lowers Stake in Comfort Systems USA, Inc. (NYSE:FIX)

New York Life Investment Management LLC lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,734 shares of the construction company’s stock after selling 329 shares during the quarter. New York Life Investment Management LLC’s holdings in Comfort Systems USA were worth $1,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in FIX. Hollencrest Capital Management purchased a new position in Comfort Systems USA in the 3rd quarter worth $28,000. Harbor Investment Advisory LLC boosted its stake in shares of Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after purchasing an additional 55 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Comfort Systems USA during the 3rd quarter valued at about $53,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Comfort Systems USA by 28.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after acquiring an additional 28 shares in the last quarter. Finally, Huntington National Bank boosted its stake in Comfort Systems USA by 514.3% during the third quarter. Huntington National Bank now owns 172 shares of the construction company’s stock worth $67,000 after acquiring an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FIX. UBS Group lifted 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. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Stifel Nicolaus decreased their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a report on Monday, February 24th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a report on Monday, February 24th. Finally, Northcoast Research began coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $530.75.

Comfort Systems USA Stock Down 4.9 %

FIX opened at $345.48 on Tuesday. Comfort Systems USA, Inc. has a twelve month low of $272.92 and a twelve month high of $553.09. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 23.65 and a beta of 1.22. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a 50 day moving average price of $435.06 and a 200-day moving average price of $417.77.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 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 business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company 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 $0.40 dividend. This is a positive change 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%. The ex-dividend date of this dividend is Monday, March 10th. 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.