CreativeOne Wealth LLC Reduces Stake in Comfort Systems USA, Inc. (NYSE:FIX)

CreativeOne Wealth LLC reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 28.2% in the fourth quarter, Holdings Channel reports. The fund owned 2,392 shares of the construction company’s stock after selling 939 shares during the quarter. CreativeOne Wealth LLC’s holdings in Comfort Systems USA were worth $1,014,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Consolidated Planning Corp increased 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 buying an additional 1,573 shares during the last quarter. Diversified Trust Co bought a new position in shares of Comfort Systems USA during the 4th quarter worth $2,998,000. Raymond James Financial Inc. purchased a new stake in Comfort Systems USA in the 4th quarter worth about $39,038,000. BOCHK Asset Management Ltd bought a new stake in Comfort Systems USA in the 4th quarter valued at about $509,000. Finally, HB Wealth Management LLC purchased a new stake in Comfort Systems USA during the fourth quarter valued at about $292,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $349.56 on Thursday. The company’s 50 day simple moving average is $353.33 and its two-hundred day simple moving average is $414.22. The stock has a market capitalization of $12.35 billion, a PE ratio of 23.93 and a beta of 1.27. 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, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.40 dividend. 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 0.46%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIX. 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 research note on Monday, February 24th. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Stifel Nicolaus dropped their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.