Mount Lucas Management LP Reduces Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Mount Lucas Management LP lowered its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 17.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,423 shares of the construction company’s stock after selling 301 shares during the quarter. Mount Lucas Management LP’s holdings in Comfort Systems USA were worth $603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after buying an additional 28 shares during the period. Dakota Wealth Management raised its position in shares of Comfort Systems USA by 3.8% in the 4th quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock worth $334,000 after acquiring an additional 29 shares in the last quarter. Covestor Ltd raised its position in shares of Comfort Systems USA by 7.1% in the 3rd quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after acquiring an additional 31 shares in the last quarter. Private Trust Co. NA raised its position in shares of Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after acquiring an additional 31 shares in the last quarter. Finally, Trust Point Inc. raised its position in shares of Comfort Systems USA by 1.8% in the 4th quarter. Trust Point Inc. now owns 1,827 shares of the construction company’s stock worth $775,000 after acquiring an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FIX shares. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Sidoti raised 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. Northcoast Research started coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. UBS Group increased their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus reduced their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $530.75.

Comfort Systems USA Stock Down 1.1 %

FIX stock opened at $324.41 on Monday. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of $11.53 billion, a PE ratio of 22.20 and a beta of 1.24. The business has a 50 day moving average of $426.97 and a 200 day moving average of $417.79.

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, beating 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%. On average, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. 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.