Cornerstone Investment Partners LLC Has $810,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Cornerstone Investment Partners LLC lowered its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 16.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,911 shares of the construction company’s stock after selling 369 shares during the period. Cornerstone Investment Partners LLC’s holdings in Comfort Systems USA were worth $810,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hollencrest Capital Management acquired a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $28,000. Harbor Investment Advisory LLC boosted its stake in shares of Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after buying an additional 55 shares during the period. Private Trust Co. NA boosted its stake in shares of Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after buying an additional 31 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Comfort Systems USA by 28.6% during the 4th 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 period. Finally, True Wealth Design LLC acquired a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $53,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a research note on Monday, February 24th. UBS Group lifted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus reduced their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Finally, Northcoast Research began 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 objective for the company. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $530.75.

Comfort Systems USA Stock Performance

Shares of FIX opened at $345.48 on Tuesday. The company has a market capitalization of $12.28 billion, a PE ratio of 23.65 and a beta of 1.22. Comfort Systems USA, Inc. has a one year low of $272.92 and a one year high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company’s fifty day moving average price is $435.06 and its 200 day moving average price is $417.77.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping 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 firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. As a group, analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.46%. Comfort Systems USA’s payout ratio is presently 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.