Horizon Investment Services LLC Decreases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Horizon Investment Services LLC lessened its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,802 shares of the construction company’s stock after selling 74 shares during the period. Comfort Systems USA makes up about 1.2% of Horizon Investment Services LLC’s portfolio, making the stock its 28th biggest position. Horizon Investment Services LLC’s holdings in Comfort Systems USA were worth $2,885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Level Four Advisory Services LLC lifted its holdings in shares of Comfort Systems USA by 20.4% during the fourth quarter. Level Four Advisory Services LLC now owns 4,513 shares of the construction company’s stock worth $1,914,000 after purchasing an additional 764 shares during the period. denkapparat Operations GmbH acquired a new stake in Comfort Systems USA during the 4th quarter valued at approximately $210,000. Pictet Asset Management Holding SA boosted its holdings in shares of Comfort Systems USA by 8.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,909 shares of the construction company’s stock valued at $2,082,000 after acquiring an additional 370 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter worth $3,275,000. Finally, Norges Bank purchased a new position in shares of Comfort Systems USA during the fourth quarter worth $196,154,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

FIX has been the topic of several analyst reports. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group boosted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Stifel Nicolaus dropped their price objective 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus target price of $530.75.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $323.79 on Friday. The firm has a market cap of $11.51 billion, a PE ratio of 22.16 and a beta of 1.24. The business has a 50-day moving average price of $393.86 and a 200 day moving average price of $417.98. 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 twelve month low of $272.93 and a twelve month high of $553.09.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates 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. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.49%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.95%.

Comfort Systems USA 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.