Arrowstreet Capital Limited Partnership Increases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Arrowstreet Capital Limited Partnership grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 27.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,227 shares of the construction company's stock after purchasing an additional 36,482 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.48% of Comfort Systems USA worth $72,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FIX. EverSource Wealth Advisors LLC boosted its position in Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after buying an additional 77 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Comfort Systems USA by 183.3% in the fourth 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 in the last quarter. Private Trust Co. NA boosted its holdings in Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake 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 purchasing an additional 104 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 worth $53,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on FIX shares. Stifel Nicolaus decreased their price objective on 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. UBS Group lifted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Sidoti upgraded 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. Finally, StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus target price of $530.75.

Comfort Systems USA Stock Down 4.9 %

FIX traded down $15.31 on Friday, reaching $296.07. The company's stock had a trading volume of 782,799 shares, compared to its average volume of 429,597. The company has a market capitalization of $10.53 billion, a price-to-earnings ratio of 20.26 and a beta of 1.24. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two 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 stock has a 50 day moving average of $372.38 and a two-hundred day moving average of $417.80.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued 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. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.77 billion. As a group, analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.54%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's payout ratio is 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.