Edgestream Partners L.P. raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 266.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,914 shares of the construction company's stock after buying an additional 8,664 shares during the quarter. Edgestream Partners L.P.'s holdings in Comfort Systems USA were worth $5,052,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the stock. Hollencrest Capital Management acquired a new stake in shares of Comfort Systems USA during the third quarter valued at $28,000. Harbor Investment Advisory LLC lifted its holdings in Comfort Systems USA by 183.3% in the 4th 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 in the last quarter. Private Trust Co. NA boosted its stake in shares of Comfort Systems USA by 41.3% during the 4th 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 last quarter. True Wealth Design LLC purchased a new stake in shares of Comfort Systems USA during the third quarter worth about $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position 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 valued at $53,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.
Comfort Systems USA Trading Up 3.5 %
Shares of NYSE FIX traded up $11.51 during trading on Wednesday, hitting $336.09. 405,006 shares of the company traded hands, compared to its average volume of 407,973. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $11.95 billion, a P/E ratio of 23.00 and a beta of 1.24. The company has a 50-day moving average price of $422.70 and a 200-day moving average price of $417.53. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year 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, 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 return on equity of 35.28% and a net margin of 7.43%. On average, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.
Comfort Systems USA Increases Dividend
The firm also recently declared 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 a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.48%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.95%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on FIX shares. Northcoast Research began coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a "buy" rating and a $525.00 target price on the stock. Stifel Nicolaus decreased their price objective 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. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research note on Monday, February 24th. UBS Group increased their target price 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 upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, February 15th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of "Buy" and a consensus target price of $530.75.
Read Our Latest Stock Report on FIX
Comfort Systems USA Company 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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