Asset Management One Co. Ltd. Makes New Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Asset Management One Co. Ltd. acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,227 shares of the construction company's stock, valued at approximately $8,291,000. Asset Management One Co. Ltd. owned about 0.05% of Comfort Systems USA at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Consolidated Planning Corp boosted its stake in Comfort Systems USA by 49.0% during the fourth 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. Van ECK Associates Corp increased its stake in Comfort Systems USA by 40.1% in the 4th quarter. Van ECK Associates Corp now owns 34,961 shares of the construction company's stock worth $14,826,000 after buying an additional 9,999 shares during the period. Legato Capital Management LLC raised its stake in shares of Comfort Systems USA by 125.2% during the fourth quarter. Legato Capital Management LLC now owns 3,130 shares of the construction company's stock valued at $1,327,000 after acquiring an additional 1,740 shares in the last quarter. Schwartz Investment Counsel Inc. raised its position in Comfort Systems USA by 11.8% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 3,800 shares of the construction company's stock valued at $1,611,000 after purchasing an additional 400 shares in the last quarter. Finally, Fortress Financial Solutions LLC bought a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $643,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Down 5.2 %

Shares of FIX traded down $19.95 during mid-day trading on Friday, reaching $362.18. The stock had a trading volume of 1,088,247 shares, compared to its average volume of 524,969. 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 firm has a market cap of $12.89 billion, a price-to-earnings ratio of 27.71 and a beta of 1.22. The business's fifty day moving average is $446.90 and its 200 day moving average is $414.14. Comfort Systems USA, Inc. has a 52-week low of $242.84 and a 52-week high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's dividend payout ratio (DPR) is 10.71%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FIX shares. Northcoast Research started 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. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $524.00 to $577.00 and gave the company a "buy" rating in a research report on Friday, January 24th. UBS Group lifted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. Finally, StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, February 15th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $506.75.

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.