Kennedy Capital Management LLC Trims Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Kennedy Capital Management LLC lowered its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 19,330 shares of the construction company’s stock after selling 261 shares during the quarter. Kennedy Capital Management LLC’s holdings in Comfort Systems USA were worth $8,197,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a report on Monday, February 24th. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Stifel Nicolaus cut 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 report on Monday, February 24th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Comfort Systems USA presently has an average rating of “Buy” and a consensus price target of $530.75.

Comfort Systems USA Trading Down 5.1 %

NYSE FIX opened at $338.62 on Friday. The stock has a market cap of $12.04 billion, a P/E ratio of 23.18 and a beta of 1.27. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The company has a fifty day simple moving average of $361.23 and a two-hundred day simple moving average of $415.53.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data 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 firm had revenue of $1.87 billion during 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, analysts forecast 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 announced 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 of this dividend was Monday, March 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 0.47%. Comfort Systems USA’s payout ratio 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.