Guggenheim Capital LLC Lowers Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Guggenheim Capital LLC lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 53.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,155 shares of the construction company's stock after selling 2,455 shares during the period. Guggenheim Capital LLC's holdings in Comfort Systems USA were worth $914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mariner LLC lifted its stake in Comfort Systems USA by 22.4% in the 4th quarter. Mariner LLC now owns 15,268 shares of the construction company's stock valued at $6,475,000 after acquiring an additional 2,790 shares in the last quarter. Barclays PLC grew its stake in Comfort Systems USA by 94.3% in the 4th quarter. Barclays PLC now owns 44,402 shares of the construction company's stock valued at $18,830,000 after buying an additional 21,554 shares during the last quarter. Optimize Financial Inc bought a new position in shares of Comfort Systems USA during the fourth quarter worth approximately $276,000. Distillate Capital Partners LLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth $15,131,000. Finally, Covestor Ltd boosted its holdings in Comfort Systems USA by 10.8% in the 4th quarter. Covestor Ltd now owns 515 shares of the construction company's stock valued at $218,000 after purchasing an additional 50 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Down 0.4 %

Shares of FIX stock traded down $1.63 during mid-day trading on Tuesday, reaching $392.77. 47,033 shares of the company's stock traded hands, compared to its average volume of 438,701. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company's 50-day moving average price is $345.85 and its 200-day moving average price is $412.11. The company has a market cap of $13.88 billion, a P/E ratio of 26.82 and a beta of 1.27. 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 (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company's quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.69 EPS. On average, equities analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be paid a $0.45 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 0.46%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is presently 10.80%.

Wall Street Analyst Weigh In

Several brokerages have commented on FIX. StockNews.com downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. 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 note on Monday, February 24th. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a report on Monday, February 24th. Finally, DA Davidson lifted their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $517.60.

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.