Norden Group LLC Sells 1,462 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Norden Group LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 26.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,031 shares of the construction company’s stock after selling 1,462 shares during the period. Norden Group LLC’s holdings in Comfort Systems USA were worth $1,710,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FIX. Proficio Capital Partners LLC bought a new stake in Comfort Systems USA during the fourth quarter valued at about $217,771,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Comfort Systems USA in the third quarter valued at about $138,987,000. Jennison Associates LLC lifted its stake in shares of Comfort Systems USA by 6,071.6% in the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after buying an additional 173,709 shares during the period. Natixis Advisors LLC lifted its stake in shares of Comfort Systems USA by 871.4% in the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock valued at $51,797,000 after buying an additional 119,033 shares during the period. Finally, EULAV Asset Management lifted its stake in shares of Comfort Systems USA by 80.0% in the third quarter. EULAV Asset Management now owns 145,103 shares of the construction company’s stock valued at $56,641,000 after buying an additional 64,500 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $362.02 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market cap of $12.87 billion, a P/E ratio of 24.78 and a beta of 1.22. The firm has a 50 day simple moving average of $436.85 and a 200 day simple moving average of $417.10. Comfort Systems USA, Inc. has a fifty-two week low of $272.92 and a fifty-two week high of $553.09.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Sell-side 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 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 dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is currently 10.95%.

Analyst Upgrades and Downgrades

FIX has been the subject of several 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 note on Monday, February 24th. Northcoast Research began 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 for the company. Stifel Nicolaus dropped their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating 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 report on Saturday, February 15th. Finally, UBS Group raised their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of “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.