M&T Bank Corp Cuts Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

M&T Bank Corp trimmed its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,328 shares of the construction company’s stock after selling 52 shares during the period. M&T Bank Corp’s holdings in Comfort Systems USA were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FIX. Janney Montgomery Scott LLC increased its holdings in shares of Comfort Systems USA by 19.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 6,200 shares of the construction company’s stock valued at $2,420,000 after purchasing an additional 1,015 shares in the last quarter. Hollencrest Capital Management purchased a new position in shares of Comfort Systems USA during the 3rd quarter valued at approximately $28,000. Verdence Capital Advisors LLC increased its holdings in Comfort Systems USA by 7.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 830 shares of the construction company’s stock worth $324,000 after acquiring an additional 57 shares in the last quarter. Covestor Ltd increased its holdings in Comfort Systems USA by 7.1% in the 3rd quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after acquiring an additional 31 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in Comfort Systems USA by 14.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 2,220 shares of the construction company’s stock worth $867,000 after acquiring an additional 287 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Down 1.1 %

Shares of FIX opened at $324.41 on Monday. 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 firm’s fifty day moving average is $426.97 and its two-hundred day moving average is $417.79. The stock has a market cap of $11.53 billion, a PE ratio of 22.20 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 earnings per share (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 company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.40 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.49%. Comfort Systems USA’s payout ratio is presently 10.95%.

Wall Street Analyst Weigh In

FIX has been the subject of several recent analyst reports. 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. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Stifel Nicolaus cut their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a report on Monday, February 24th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target for the company. Finally, Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $530.75.

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.