Versor Investments LP Lowers Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Versor Investments LP cut its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 14.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,788 shares of the construction company’s stock after selling 296 shares during the period. Versor Investments LP’s holdings in Comfort Systems USA were worth $758,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hollencrest Capital Management bought a new position in shares of Comfort Systems USA during the third quarter valued at $28,000. Harbor Investment Advisory LLC increased its holdings 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 valued at $36,000 after acquiring an additional 55 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Comfort Systems USA by 28.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after acquiring an additional 28 shares in the last quarter. True Wealth Design LLC bought a new position in shares of Comfort Systems USA during the third quarter valued at $53,000. Finally, V Square Quantitative Management LLC increased its holdings in shares of Comfort Systems USA by 32.5% during the fourth quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company’s stock valued at $71,000 after acquiring an additional 41 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FIX shares. UBS Group raised their price target on 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 Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a report on Monday, February 24th. Stifel Nicolaus reduced their price objective 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. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Finally, Northcoast Research started coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $530.75.

Comfort Systems USA Price Performance

NYSE FIX opened at $362.02 on Friday. Comfort Systems USA, Inc. has a one year low of $272.92 and a one year high of $553.09. The stock has a 50-day moving average of $436.85 and a 200 day moving average of $416.43. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 24.78 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last announced its earnings results 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. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, sell-side 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 announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.44%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) 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.