Blue Grotto Capital LLC Decreases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Blue Grotto Capital LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 24.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,600 shares of the construction company’s stock after selling 18,369 shares during the quarter. Comfort Systems USA accounts for approximately 4.3% of Blue Grotto Capital LLC’s investment portfolio, making the stock its 11th largest position. Blue Grotto Capital LLC owned 0.16% of Comfort Systems USA worth $23,578,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after purchasing an additional 77 shares during the period. Harbor Investment Advisory LLC lifted its stake in shares of Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after acquiring an additional 55 shares during the last quarter. Private Trust Co. NA boosted its holdings in Comfort Systems USA by 41.3% during 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 during the period. Skandinaviska Enskilda Banken AB publ grew its position in Comfort Systems USA by 1,300.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock valued at $48,000 after acquiring an additional 104 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in Comfort Systems USA in the third quarter worth $53,000. Institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of research analyst reports. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus dropped 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. 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. Finally, Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $530.75.

Comfort Systems USA Trading Down 1.7 %

NYSE:FIX opened at $372.67 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 50-day simple moving average of $403.89 and a 200-day simple moving average of $418.99. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The firm has a market cap of $13.25 billion, a P/E ratio of 25.51 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Equities analysts anticipate 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 was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.43%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. 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.