Moran Wealth Management LLC Decreases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Moran Wealth Management LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,684 shares of the construction company’s stock after selling 2,603 shares during the period. Moran Wealth Management LLC’s holdings in Comfort Systems USA were worth $16,404,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in shares of Comfort Systems USA in the 3rd quarter valued at approximately $28,000. Harbor Investment Advisory LLC grew its stake in shares of Comfort Systems USA by 183.3% during the fourth 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 increased its holdings in Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after buying an additional 31 shares during the last quarter. True Wealth Design LLC purchased a new position in Comfort Systems USA in the third quarter valued at $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after buying an additional 28 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. Stifel Nicolaus lowered their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a report on Monday, February 24th. Northcoast Research started 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 on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Finally, 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 note on Monday, December 9th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $530.75.

Comfort Systems USA Price Performance

FIX stock opened at $324.41 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $11.53 billion, a P/E ratio of 22.20 and a beta of 1.24. The business has a 50 day simple moving average of $426.97 and a 200-day simple moving average of $417.79. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month 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, topping the consensus estimate 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 company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 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. Investors of record on Monday, March 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.49%. The ex-dividend date is Monday, March 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is 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.