Envestnet Asset Management Inc. Lowers Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Envestnet Asset Management Inc. decreased its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,932 shares of the construction company's stock after selling 10,704 shares during the period. Envestnet Asset Management Inc. owned 0.22% of Comfort Systems USA worth $33,048,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Quantinno Capital Management LP lifted its position in shares of Comfort Systems USA by 12.6% during the third quarter. Quantinno Capital Management LP now owns 3,727 shares of the construction company's stock worth $1,455,000 after acquiring an additional 416 shares in the last quarter. Barclays PLC lifted its holdings in Comfort Systems USA by 23.4% during the 3rd quarter. Barclays PLC now owns 22,848 shares of the construction company's stock worth $8,919,000 after purchasing an additional 4,331 shares in the last quarter. M&T Bank Corp increased its holdings in Comfort Systems USA by 6.5% during the 3rd quarter. M&T Bank Corp now owns 5,380 shares of the construction company's stock worth $2,100,000 after acquiring an additional 328 shares during the period. Geode Capital Management LLC boosted its holdings in Comfort Systems USA by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company's stock valued at $292,093,000 after purchasing an additional 47,929 shares during the period. Finally, Sunbelt Securities Inc. grew its position in shares of Comfort Systems USA by 22.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 429 shares of the construction company's stock valued at $167,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Wall Street Analyst Weigh In

FIX has been the subject of several research analyst reports. Stifel Nicolaus dropped their price objective on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research note on Monday, February 24th. StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Sidoti upgraded 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $530.75.

Comfort Systems USA Trading Down 0.9 %

Shares of NYSE FIX traded down $3.16 during trading hours on Thursday, hitting $346.01. The company's stock had a trading volume of 66,408 shares, compared to its average volume of 434,426. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 23.72 and a beta of 1.27. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The business has a 50-day simple moving average of $353.33 and a 200-day simple moving average of $414.22. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.46%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's payout ratio is presently 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.