Comfort Systems USA, Inc. (NYSE:FIX) Stock Position Decreased by Aquatic Capital Management LLC

Aquatic Capital Management LLC trimmed its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 53.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,733 shares of the construction company’s stock after selling 3,147 shares during the quarter. Aquatic Capital Management LLC’s holdings in Comfort Systems USA were worth $1,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Comfort Systems USA by 28.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after buying an additional 28 shares during the period. Dakota Wealth Management raised its holdings in shares of Comfort Systems USA by 3.8% during the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock valued at $334,000 after acquiring an additional 29 shares during the period. Private Trust Co. NA lifted its position in shares of Comfort Systems USA by 41.3% in the 4th 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. Trust Point Inc. boosted its stake in Comfort Systems USA by 1.8% in the 4th quarter. Trust Point Inc. now owns 1,827 shares of the construction company’s stock worth $775,000 after purchasing an additional 32 shares during the period. Finally, Savant Capital LLC grew its position in Comfort Systems USA by 0.8% during the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company’s stock worth $1,739,000 after purchasing an additional 33 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FIX. Stifel Nicolaus lowered their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research note on Monday, February 24th. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Finally, DA Davidson upped their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus price target of $517.60.

Comfort Systems USA Price Performance

Shares of FIX opened at $397.34 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market cap of $14.04 billion, a PE ratio of 27.20 and a beta of 1.27. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The firm’s 50 day moving average price is $346.15 and its 200 day moving average price is $412.01.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. The business had revenue of $1.83 billion during 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%. Comfort Systems USA’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 EPS. As a group, research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.45%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, May 16th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 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.