Alliancebernstein L.P. Lowers Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Alliancebernstein L.P. reduced its position in Comfort Systems USA, Inc. (NYSE:FIX) by 43.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,744 shares of the construction company’s stock after selling 239,040 shares during the quarter. Alliancebernstein L.P. owned approximately 0.86% of Comfort Systems USA worth $129,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FIX. Glenmede Trust Co. NA acquired a new position in shares of Comfort Systems USA in the third quarter valued at approximately $214,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Comfort Systems USA by 1.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,151 shares of the construction company’s stock worth $3,182,000 after purchasing an additional 98 shares during the period. Captrust Financial Advisors raised its position in Comfort Systems USA by 77.4% in the 3rd quarter. Captrust Financial Advisors now owns 2,012 shares of the construction company’s stock valued at $785,000 after purchasing an additional 878 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Comfort Systems USA by 8.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,184 shares of the construction company’s stock valued at $462,000 after buying an additional 92 shares during the period. Finally, IHT Wealth Management LLC grew its position in shares of Comfort Systems USA by 11.3% during the third quarter. IHT Wealth Management LLC now owns 848 shares of the construction company’s stock worth $331,000 after buying an additional 86 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group boosted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus lowered 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 Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. Finally, 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average target price of $530.75.

Comfort Systems USA Trading Up 3.7 %

FIX opened at $342.18 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The business’s 50 day moving average is $382.07 and its two-hundred day moving average is $418.50. The firm 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 announced its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. On average, research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.47%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s dividend payout ratio is presently 10.95%.

About Comfort Systems USA

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.