Oppenheimer Asset Management Inc. Sells 870 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Oppenheimer Asset Management Inc. lowered its position in Comfort Systems USA, Inc. (NYSE:FIX) by 16.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,290 shares of the construction company’s stock after selling 870 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Comfort Systems USA were worth $1,819,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $28,000. Harbor Investment Advisory LLC raised its holdings in shares of Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after buying an additional 55 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter worth approximately $53,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Comfort Systems USA by 28.6% in the 4th 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. Finally, Huntington National Bank raised its holdings in shares of Comfort Systems USA by 514.3% in the 3rd quarter. Huntington National Bank now owns 172 shares of the construction company’s stock worth $67,000 after buying an additional 144 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

FIX has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price target 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. UBS Group boosted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. Finally, Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $530.75.

Comfort Systems USA Stock Down 4.9 %

Shares of NYSE:FIX opened at $345.48 on Tuesday. Comfort Systems USA, Inc. has a 12 month low of $272.92 and a 12 month high of $553.09. The company’s 50-day moving average price is $435.06 and its two-hundred day moving average price is $417.77. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of $12.28 billion, a P/E ratio of 23.65 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The firm had revenue of $1.87 billion for 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%. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, March 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio (DPR) is 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.