Lord Abbett & CO. LLC Lowers Position in Comfort Systems USA, Inc. (NYSE:FIX)

Lord Abbett & CO. LLC decreased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 160,621 shares of the construction company’s stock after selling 19,581 shares during the period. Lord Abbett & CO. LLC’s holdings in Comfort Systems USA were worth $68,113,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Consolidated Planning Corp boosted its holdings in Comfort Systems USA by 49.0% in the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock worth $2,028,000 after buying an additional 1,573 shares during the period. Diversified Trust Co purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth about $2,998,000. Raymond James Financial Inc. bought a new stake in Comfort Systems USA during the 4th quarter valued at approximately $39,038,000. BOCHK Asset Management Ltd bought a new stake in Comfort Systems USA during the 4th quarter valued at approximately $509,000. Finally, HB Wealth Management LLC purchased a new position in Comfort Systems USA in the 4th quarter worth approximately $292,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Up 5.6 %

Shares of NYSE:FIX opened at $397.46 on Friday. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $345.86 and its 200 day moving average is $412.22. The stock has a market cap of $14.04 billion, a P/E ratio of 27.20 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. Sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, May 16th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio is currently 10.95%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of 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. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a report on Monday, February 24th. Finally, StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average price target of $530.75.

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.