Clearbridge Investments LLC Acquires Shares of 55,211 Comfort Systems USA, Inc. (NYSE:FIX)

Clearbridge Investments LLC bought 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 institutional investor bought 55,211 shares of the construction company's stock, valued at approximately $23,413,000. Clearbridge Investments LLC owned about 0.16% of Comfort Systems USA at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after acquiring an additional 77 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in Comfort Systems USA by 183.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock valued at $36,000 after purchasing an additional 55 shares during the last quarter. Private Trust Co. NA grew its holdings in Comfort Systems USA by 41.3% during 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 last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of 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 valued at $48,000 after purchasing an additional 104 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock worth $53,000 after buying an additional 28 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

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Comfort Systems USA Stock Performance

Shares of NYSE:FIX traded down $15.31 on Friday, hitting $296.07. 782,799 shares of the company were exchanged, compared to its average volume of 429,597. The company's 50 day moving average price is $372.38 and its two-hundred day moving average price is $418.23. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 20.26 and a beta of 1.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09.

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, beating the consensus estimate of $3.63 by $0.46. The firm 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 35.28% and a net margin of 7.43%. Research analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.54%. This is a positive change 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%.

Wall Street Analyst Weigh In

FIX has been the topic of a number of research analyst reports. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a research note on Monday, February 24th. UBS Group raised their price target on 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 cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Finally, Stifel Nicolaus lowered their target price on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a report on Monday, February 24th. 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $530.75.

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.