Congress Wealth Management LLC DE Sells 26,216 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Congress Wealth Management LLC DE reduced its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 55.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,835 shares of the construction company’s stock after selling 26,216 shares during the period. Congress Wealth Management LLC DE owned approximately 0.06% of Comfort Systems USA worth $8,836,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in Comfort Systems USA in the fourth quarter valued at $217,771,000. Raymond James Financial Inc. acquired a new stake in shares of Comfort Systems USA in the 4th quarter valued at $39,038,000. Vanguard Group Inc. grew its holdings in shares of Comfort Systems USA by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock worth $1,603,242,000 after purchasing an additional 67,240 shares during the last quarter. River Global Investors LLP acquired a new stake in shares of Comfort Systems USA during the 4th quarter worth about $20,945,000. Finally, Geode Capital Management LLC increased its position in shares of Comfort Systems USA by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after purchasing an additional 47,929 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on FIX shares. 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 research note on Monday, February 24th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. 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. Finally, 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA presently has an average rating of “Buy” and an average target price of $530.75.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $380.25 on Tuesday. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. 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 firm’s 50 day moving average is $405.77 and its 200-day moving average is $418.50. The firm has a market capitalization of $13.52 billion, a price-to-earnings ratio of 26.03 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.46. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.40 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.42%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

Comfort Systems USA Company 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.