CenterBook Partners LP Invests $2.12 Million in Comfort Systems USA, Inc. (NYSE:FIX)

CenterBook Partners LP acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,009 shares of the construction company's stock, valued at approximately $2,124,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after buying an additional 77 shares during the last quarter. Harbor Investment Advisory LLC increased its position in shares of Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock valued at $36,000 after acquiring an additional 55 shares during the period. Private Trust Co. NA raised its stake in Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after acquiring an additional 31 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in Comfort Systems USA by 1,300.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company's stock worth $48,000 after acquiring an additional 104 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in 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 purchasing an additional 28 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FIX. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Wednesday, April 9th. Stifel Nicolaus reduced 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 research report on Monday, February 24th. 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Comfort Systems USA has an average rating of "Buy" and a consensus price target of $530.75.

Comfort Systems USA Stock Performance

NYSE:FIX traded up $8.99 during trading hours on Tuesday, reaching $360.59. The company had a trading volume of 153,708 shares, compared to its average volume of 434,328. 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, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The business's 50 day moving average price is $357.82 and its 200-day moving average price is $415.08. The firm has a market cap of $12.74 billion, a PE ratio of 24.68 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.46. The firm had revenue of $1.87 billion during 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%. Research analysts forecast 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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.44%. This is an increase 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%.

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.