Norden Group LLC Sells 1,462 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Norden Group LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 26.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,031 shares of the construction company’s stock after selling 1,462 shares during the quarter. Norden Group LLC’s holdings in Comfort Systems USA were worth $1,710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC lifted its position in Comfort Systems USA by 11.6% in the 3rd quarter. Private Advisor Group LLC now owns 1,055 shares of the construction company’s stock valued at $412,000 after acquiring an additional 110 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Comfort Systems USA in the 3rd quarter valued at $1,024,000. State of Alaska Department of Revenue lifted its position in Comfort Systems USA by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,140 shares of the construction company’s stock valued at $1,616,000 after acquiring an additional 280 shares in the last quarter. New York State Teachers Retirement System lifted its position in Comfort Systems USA by 0.4% in the 3rd quarter. New York State Teachers Retirement System now owns 25,694 shares of the construction company’s stock valued at $10,030,000 after acquiring an additional 100 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its position in Comfort Systems USA by 5.8% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 869 shares of the construction company’s stock valued at $339,000 after acquiring an additional 48 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Up 1.5 %

Comfort Systems USA stock opened at $362.02 on Friday. The firm has a market capitalization of $12.87 billion, a PE ratio of 24.78 and a beta of 1.22. The company’s 50-day moving average is $436.85 and its 200-day moving average is $417.10. Comfort Systems USA, Inc. has a fifty-two week low of $272.92 and a fifty-two week 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.

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

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.44%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is currently 10.95%.

Analysts Set New Price Targets

Several research firms recently commented on FIX. Northcoast Research began coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Stifel Nicolaus lowered their price target 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 note on Monday, February 24th. Finally, UBS Group lifted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $530.75.

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.