Catalyst Funds Management Pty Ltd acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,225 shares of the construction company's stock, valued at approximately $1,368,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in FIX. EverSource Wealth Advisors LLC increased its position in shares of Comfort Systems USA by 1,925.0% during 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 period. Harbor Investment Advisory LLC grew its holdings in Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock worth $36,000 after purchasing an additional 55 shares during the period. Private Trust Co. NA grew 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 worth $45,000 after purchasing an additional 31 shares during the period. Skandinaviska Enskilda Banken AB publ grew its holdings in Comfort Systems USA by 1,300.0% in the fourth 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 during the period. Finally, True Wealth Design LLC bought a new position in shares of Comfort Systems USA in the third quarter valued at $53,000. Institutional investors own 96.51% of the company's stock.
Comfort Systems USA Trading Up 5.6 %
Shares of FIX traded up $19.12 during mid-day trading on Wednesday, reaching $358.42. The company's stock had a trading volume of 592,741 shares, compared to its average volume of 405,006. The company's fifty day moving average price is $412.36 and its two-hundred day moving average price is $417.38. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week 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 stock has a market cap of $12.74 billion, a PE ratio of 24.53 and a beta of 1.24.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly 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. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. On average, analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.40 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.45%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.95%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. 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 research note on Monday, February 24th. Northcoast Research assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a "buy" rating and a $525.00 price target on the stock. UBS Group raised their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research report on Monday, December 9th. StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, February 15th. Finally, Stifel Nicolaus dropped their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $530.75.
View Our Latest Stock Analysis on FIX
Comfort Systems USA Profile
(
Free Report)
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.
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