Premier Fund Managers Ltd Sells 1,090 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Premier Fund Managers Ltd trimmed its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 8.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,340 shares of the construction company’s stock after selling 1,090 shares during the period. Premier Fund Managers Ltd’s holdings in Comfort Systems USA were worth $5,294,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FIX. EverSource Wealth Advisors LLC increased its position in Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after buying an additional 77 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after acquiring an additional 55 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after acquiring an additional 31 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of Comfort Systems USA by 1,300.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock worth $48,000 after purchasing an additional 104 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of Comfort Systems USA in the 3rd quarter worth about $53,000. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

FIX has been the topic of several recent analyst reports. Stifel Nicolaus cut their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Sidoti upgraded 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, StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $530.75.

Comfort Systems USA Stock Down 4.0 %

Shares of FIX stock opened at $331.79 on Friday. The company has a 50 day simple moving average of $397.47 and a two-hundred day simple moving average of $417.88. The stock has a market cap of $11.80 billion, a P/E ratio of 22.71 and a beta of 1.24. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 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 analysts’ expectations of $1.77 billion. On average, research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.40 per share. This is a boost 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 0.48%. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s payout ratio is presently 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.