New York Life Investment Management LLC Sells 329 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

New York Life Investment Management LLC reduced its position in Comfort Systems USA, Inc. (NYSE:FIX) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,734 shares of the construction company’s stock after selling 329 shares during the period. New York Life Investment Management LLC’s holdings in Comfort Systems USA were worth $1,583,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FIX. State Street Corp boosted its position in shares of Comfort Systems USA by 0.6% during the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock worth $412,038,000 after acquiring an additional 6,496 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Comfort Systems USA by 6.8% during the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after acquiring an additional 47,929 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Comfort Systems USA by 2.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 363,947 shares of the construction company’s stock worth $154,335,000 after acquiring an additional 7,890 shares during the last quarter. Royal London Asset Management Ltd. boosted its position in shares of Comfort Systems USA by 20.6% during the third quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock worth $99,735,000 after acquiring an additional 43,691 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Comfort Systems USA by 6,071.6% during the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after acquiring an additional 173,709 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of research reports. 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 report on Monday, February 24th. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Stifel Nicolaus decreased 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. Northcoast Research started coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price target 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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Buy” and an average price target of $530.75.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $345.48 on Tuesday. The company has a market cap of $12.28 billion, a price-to-earnings ratio of 23.65 and a beta of 1.22. The firm’s fifty day moving average is $435.06 and its 200 day moving average is $417.77. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 52-week low of $272.92 and a 52-week high of $553.09.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.77 billion. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.46%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio is currently 10.95%.

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.