Lord Abbett & CO. LLC Sells 19,581 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Lord Abbett & CO. LLC trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,621 shares of the construction company's stock after selling 19,581 shares during the quarter. Lord Abbett & CO. LLC owned 0.45% of Comfort Systems USA worth $68,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. Barclays PLC lifted its holdings in Comfort Systems USA by 23.4% in the third quarter. Barclays PLC now owns 22,848 shares of the construction company's stock valued at $8,919,000 after acquiring an additional 4,331 shares during the period. World Investment Advisors LLC purchased a new position in shares of Comfort Systems USA in the third quarter worth approximately $1,137,000. Franklin Resources Inc. grew its position in Comfort Systems USA by 0.8% during the third quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company's stock valued at $69,402,000 after buying an additional 1,236 shares during the period. GAMMA Investing LLC increased its holdings in Comfort Systems USA by 14.1% during the fourth quarter. GAMMA Investing LLC now owns 641 shares of the construction company's stock valued at $272,000 after buying an additional 79 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in Comfort Systems USA in the fourth quarter worth approximately $271,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE:FIX traded up $24.66 during trading on Thursday, hitting $422.21. 317,489 shares of the company's stock were exchanged, compared to its average volume of 439,829. The business's 50-day simple moving average is $346.85 and its 200 day simple moving average is $411.91. The company has a market cap of $14.92 billion, a price-to-earnings ratio of 28.85 and a beta of 1.27. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm posted $2.69 EPS. The company's revenue was up 19.1% on a year-over-year basis. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current 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 0.43%. 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%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FIX. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a research note on Monday, February 24th. Stifel Nicolaus decreased their price objective on 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. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, DA Davidson increased their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a report on Monday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and a consensus price target of $517.60.

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.