Cowa LLC Sells 1,048 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Cowa LLC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 16.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,328 shares of the construction company’s stock after selling 1,048 shares during the period. Cowa LLC’s holdings in Comfort Systems USA were worth $2,259,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hollencrest Capital Management bought a new stake in Comfort Systems USA during the third quarter worth $28,000. Harbor Investment Advisory LLC raised its position in Comfort Systems USA by 183.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after acquiring an additional 55 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Comfort Systems USA by 28.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after acquiring an additional 28 shares in the last quarter. True Wealth Design LLC bought a new stake in Comfort Systems USA during the third quarter worth $53,000. Finally, V Square Quantitative Management LLC raised its position in Comfort Systems USA by 32.5% during the fourth quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company’s stock worth $71,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 5.2 %

FIX stock opened at $362.18 on Friday. 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 company’s 50-day simple moving average is $446.90 and its 200 day simple moving average is $414.14. Comfort Systems USA, Inc. has a 52 week low of $242.84 and a 52 week high of $553.09. The company has a market capitalization of $12.89 billion, a PE ratio of 27.71 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.44%. Comfort Systems USA’s dividend payout ratio is currently 10.71%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FIX. Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Northcoast Research assumed coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. Finally, UBS Group upped 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, Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus target price of $506.75.

Comfort Systems USA Company 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.