Renaissance Group LLC Raises Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Renaissance Group LLC increased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 628.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,994 shares of the construction company's stock after purchasing an additional 81,951 shares during the period. Comfort Systems USA makes up approximately 1.7% of Renaissance Group LLC's holdings, making the stock its 10th biggest position. Renaissance Group LLC owned 0.27% of Comfort Systems USA worth $40,283,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FIX. Proficio Capital Partners LLC bought a new position in shares of Comfort Systems USA in the fourth quarter worth approximately $217,771,000. Norges Bank purchased a new position in Comfort Systems USA in the 4th quarter worth approximately $196,154,000. JPMorgan Chase & Co. lifted its position in Comfort Systems USA by 191.2% in the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock valued at $161,523,000 after acquiring an additional 250,085 shares in the last quarter. FMR LLC boosted its stake in 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 during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Comfort Systems USA in the 4th quarter worth $39,038,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

FIX traded up $10.54 during midday trading on Friday, reaching $347.94. The company had a trading volume of 330,175 shares, compared to its average volume of 435,920. The business has a 50-day moving average of $359.67 and a two-hundred day moving average of $415.34. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The company has a market cap of $12.29 billion, a P/E ratio of 23.81 and a beta of 1.27.

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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, topping 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 company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. As a group, equities research 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 company also recently disclosed 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. This represents a $1.60 annualized dividend and a dividend yield of 0.46%. This is an increase 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 (DPR) is presently 10.95%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FIX. 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 research note on Monday, February 24th. Stifel Nicolaus cut their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Wednesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $530.75.

Comfort Systems USA Company 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.