Comfort Systems USA, Inc. (NYSE:FIX) Stake Reduced by Quadrant Capital Group LLC

Quadrant Capital Group LLC trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,470 shares of the construction company’s stock after selling 34 shares during the quarter. Quadrant Capital Group LLC’s holdings in Comfort Systems USA were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Proficio Capital Partners LLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $217,771,000. Norges Bank acquired a new stake in Comfort Systems USA during the 4th quarter valued at $196,154,000. JPMorgan Chase & Co. lifted its holdings in shares of Comfort Systems USA by 191.2% in the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock valued at $161,523,000 after purchasing an additional 250,085 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Comfort Systems USA in the fourth quarter worth $39,038,000. Finally, Schroder Investment Management Group purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at $37,797,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 4.9 %

Comfort Systems USA stock opened at $296.07 on Monday. The business has a 50 day moving average price of $372.38 and a two-hundred day moving average price of $418.23. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The stock has a market cap of $10.53 billion, a price-to-earnings ratio of 20.26 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.46. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.54%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s dividend payout ratio is currently 10.95%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FIX. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday, February 24th. UBS Group boosted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Stifel Nicolaus cut 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 research report on Monday, February 24th. Finally, StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus target price of $530.75.

Comfort Systems USA 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.