Bridgewater Associates LP Acquires 85,215 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Bridgewater Associates LP boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 542.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 100,933 shares of the construction company's stock after purchasing an additional 85,215 shares during the quarter. Bridgewater Associates LP owned about 0.28% of Comfort Systems USA worth $42,802,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in Comfort Systems USA during the fourth quarter valued at approximately $217,771,000. Norges Bank bought a new stake in Comfort Systems USA during the fourth quarter worth approximately $196,154,000. JPMorgan Chase & Co. raised its stake in shares of Comfort Systems USA by 191.2% in the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after buying an additional 250,085 shares in the last quarter. FMR LLC boosted its position in shares of Comfort Systems USA by 9.6% during the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after purchasing an additional 148,493 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Comfort Systems USA during the 4th quarter valued at $39,038,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FIX. Stifel Nicolaus reduced their target price on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a report on Monday, February 24th. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a research note on Monday, February 24th. Finally, StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and a consensus target price of $530.75.

Comfort Systems USA Stock Down 0.3 %

Shares of NYSE FIX traded down $1.01 during mid-day trading on Friday, reaching $348.16. 336,314 shares of the company's stock were exchanged, compared to its average volume of 436,141. The firm has a market capitalization of $12.30 billion, a price-to-earnings ratio of 23.83 and a beta of 1.27. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $349.24 and a 200 day simple moving average of $413.65.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.46%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's dividend 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.