Stifel Financial Corp Sells 2,934 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Stifel Financial Corp cut its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 15.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,123 shares of the construction company’s stock after selling 2,934 shares during the period. Stifel Financial Corp’s holdings in Comfort Systems USA were worth $6,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Comfort Systems USA by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock valued at $1,603,242,000 after purchasing an additional 67,240 shares during the period. FMR LLC increased its position in Comfort Systems USA by 9.6% during the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock worth $719,645,000 after buying an additional 148,493 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock worth $326,409,000 after buying an additional 21,406 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $217,771,000. Finally, Federated Hermes Inc. grew its stake in shares of Comfort Systems USA by 12.4% in the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company’s stock valued at $198,391,000 after acquiring an additional 51,771 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on FIX. 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 research note on Monday, February 24th. Stifel Nicolaus dropped their price target 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. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, DA Davidson lifted their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a report on Monday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $517.60.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $394.66 on Tuesday. The business has a 50 day moving average of $345.85 and a 200-day moving average of $412.11. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market capitalization of $13.94 billion, a P/E ratio of 27.01 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.69 EPS. On average, equities research analysts predict 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 will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a dividend of $0.45 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, May 16th. This represents a $1.80 annualized dividend and a dividend yield of 0.46%. Comfort Systems USA’s dividend payout ratio (DPR) is 10.80%.

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.