Orion Portfolio Solutions LLC Trims Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Orion Portfolio Solutions LLC lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,659 shares of the construction company’s stock after selling 2,250 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Comfort Systems USA were worth $4,944,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in FIX. EverSource Wealth Advisors LLC boosted its stake in shares of 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 worth $34,000 after purchasing an additional 77 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in 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 acquiring an additional 55 shares during the last quarter. Private Trust Co. NA grew its stake in Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after acquiring an additional 31 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in 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 valued at $48,000 after acquiring an additional 104 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of Comfort Systems USA during the 3rd quarter worth $53,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented 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. StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Stifel Nicolaus decreased their target price 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. Finally, UBS Group upped 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $530.75.

Comfort Systems USA Stock Performance

NYSE FIX opened at $323.79 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The firm has a market capitalization of $11.51 billion, a P/E ratio of 22.16 and a beta of 1.24. The business’s 50-day simple moving average is $393.86 and its 200-day simple moving average is $418.68.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share 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 firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Equities analysts predict 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 was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.40 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s dividend payout ratio is currently 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.