GW&K Investment Management LLC Lowers Stake in Comfort Systems USA, Inc. (NYSE:FIX)

GW&K Investment Management LLC lessened its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 19.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 194,003 shares of the construction company’s stock after selling 48,229 shares during the quarter. Comfort Systems USA comprises 0.7% of GW&K Investment Management LLC’s portfolio, making the stock its 28th largest position. GW&K Investment Management LLC owned approximately 0.55% of Comfort Systems USA worth $82,269,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its position in shares of Comfort Systems USA by 24.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 264 shares of the construction company’s stock worth $112,000 after purchasing an additional 52 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Comfort Systems USA during the fourth quarter valued at $217,771,000. Robeco Schweiz AG boosted its holdings in Comfort Systems USA by 4.1% in the fourth quarter. Robeco Schweiz AG now owns 23,100 shares of the construction company’s stock worth $9,796,000 after acquiring an additional 900 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Comfort Systems USA in the fourth quarter worth $4,045,000. Finally, Thompson Davis & CO. Inc. grew its stake in shares of Comfort Systems USA by 10.6% in the fourth quarter. Thompson Davis & CO. Inc. now owns 990 shares of the construction company’s stock worth $420,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $357.28 on Friday. The firm has a fifty day simple moving average of $438.37 and a two-hundred day simple moving average of $416.09. The firm has a market cap of $12.70 billion, a PE ratio of 24.45 and a beta of 1.22. 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, Inc. has a 1-year low of $272.92 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. On average, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed 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 0.45%. The ex-dividend date is Monday, March 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio is 10.95%.

Analysts Set New Price Targets

FIX has been the topic of a number of analyst reports. Northcoast Research assumed coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research note on Monday. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. UBS Group upped their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, 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 report on Monday. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $494.60.

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.