Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. reduced its position in Comfort Systems USA, Inc. (NYSE:FIX) by 43.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 305,744 shares of the construction company’s stock after selling 239,040 shares during the quarter. Alliancebernstein L.P.’s holdings in Comfort Systems USA were worth $129,654,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Comfort Systems USA during the fourth quarter worth about $297,000. Clearbridge Investments LLC acquired a new position in Comfort Systems USA during the 4th quarter worth approximately $23,413,000. Schroder Investment Management Group purchased a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $37,797,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Comfort Systems USA by 27.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 170,227 shares of the construction company’s stock valued at $72,186,000 after buying an additional 36,482 shares during the period. Finally, Level Four Advisory Services LLC boosted its stake in shares of Comfort Systems USA by 20.4% in the fourth quarter. Level Four Advisory Services LLC now owns 4,513 shares of the construction company’s stock valued at $1,914,000 after buying an additional 764 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the subject of several research analyst reports. 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 research report on Monday, February 24th. StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. 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, UBS Group increased their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $530.75.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $342.18 on Thursday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $382.07 and its 200 day moving average price is $418.50. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The stock has a market cap of $12.17 billion, a price-to-earnings ratio of 23.42 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. As a group, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.40 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s dividend payout ratio is currently 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.