Comfort Systems USA, Inc. (NYSE:FIX) Stock Holdings Trimmed by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co reduced its position in Comfort Systems USA, Inc. (NYSE:FIX) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,360 shares of the construction company’s stock after selling 150 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Comfort Systems USA were worth $3,969,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after buying an additional 28 shares during the last quarter. Dakota Wealth Management increased its holdings in Comfort Systems USA by 3.8% in the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock valued at $334,000 after buying an additional 29 shares during the last quarter. Covestor Ltd increased its holdings in Comfort Systems USA by 7.1% in the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock valued at $182,000 after buying an additional 31 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Comfort Systems USA by 9.3% during the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock valued at $147,000 after purchasing an additional 32 shares during the last quarter. Finally, Trust Point Inc. grew its holdings in shares of Comfort Systems USA by 1.8% during the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company’s stock valued at $775,000 after purchasing an additional 32 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FIX has been the subject of several recent research reports. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. UBS Group upped their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus upped their target price on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Northcoast Research initiated coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $506.75.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $362.18 on Friday. Comfort Systems USA, Inc. has a 12-month low of $242.84 and a 12-month high of $553.09. The firm has a market capitalization of $12.89 billion, a price-to-earnings ratio of 24.79 and a beta of 1.22. The business has a 50 day simple moving average of $444.90 and a 200 day simple moving average of $414.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. On average, equities research 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. Investors of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.44%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s dividend payout ratio 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.