MML Investors Services LLC Has $3.13 Million Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

MML Investors Services LLC lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 14.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,376 shares of the construction company's stock after selling 1,219 shares during the period. MML Investors Services LLC's holdings in Comfort Systems USA were worth $3,128,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its holdings in Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after acquiring an additional 77 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in shares of Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock valued at $36,000 after purchasing an additional 55 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in Comfort Systems USA by 1,300.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company's stock worth $48,000 after purchasing an additional 104 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in Comfort Systems USA by 28.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock worth $53,000 after buying an additional 28 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Price Performance

NYSE FIX traded up $18.94 during trading hours on Friday, reaching $436.99. 185,369 shares of the company's stock were exchanged, compared to its average volume of 555,335. The firm has a fifty day moving average of $348.07 and a 200-day moving average of $411.91. Comfort Systems USA, Inc. has a one year low of $272.92 and a one year high of $553.09. The stock has a market cap of $15.41 billion, a PE ratio of 29.91 and a beta of 1.27. The company has a current ratio of 1.04, a quick ratio of 1.02 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 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. The business's revenue for the quarter was up 19.1% on a year-over-year basis. On average, equities research 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 announced 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 of this dividend is Friday, May 16th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.41%. Comfort Systems USA's payout ratio is currently 10.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FIX shares. DA Davidson lifted their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research report 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, Stifel Nicolaus cut their price objective on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a report on Monday, February 24th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.