State of Tennessee Department of Treasury Has $6.16 Million Stake in Comfort Systems USA, Inc. (NYSE:FIX)

State of Tennessee Department of Treasury lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,523 shares of the construction company’s stock after selling 409 shares during the period. State of Tennessee Department of Treasury’s holdings in Comfort Systems USA were worth $6,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Consolidated Planning Corp raised its position in Comfort Systems USA by 49.0% in the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock worth $2,028,000 after purchasing an additional 1,573 shares in the last quarter. Diversified Trust Co bought a new stake in shares of Comfort Systems USA in the 4th quarter valued at approximately $2,998,000. Raymond James Financial Inc. acquired a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $39,038,000. BOCHK Asset Management Ltd bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $509,000. Finally, HB Wealth Management LLC acquired a new stake in Comfort Systems USA in the 4th quarter valued at $292,000. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the topic of several recent analyst reports. Stifel Nicolaus reduced 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 note on Monday, February 24th. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. Finally, StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $530.75.

Comfort Systems USA Stock Up 6.0 %

Shares of NYSE:FIX opened at $377.08 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of $13.32 billion, a P/E ratio of 25.81 and a beta of 1.27. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company’s 50-day moving average price is $345.79 and its two-hundred day moving average price is $412.27.

Comfort Systems USA (NYSE:FIX) last issued its quarterly 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. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be issued a $0.45 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.48%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

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.