Vanguard Group Inc. Boosts Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Vanguard Group Inc. lifted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,780,695 shares of the construction company's stock after purchasing an additional 67,240 shares during the period. Vanguard Group Inc. owned about 10.62% of Comfort Systems USA worth $1,603,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC increased its stake in Comfort Systems USA by 39.8% in the 4th quarter. LPL Financial LLC now owns 22,598 shares of the construction company's stock worth $9,583,000 after buying an additional 6,438 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Comfort Systems USA in the fourth quarter worth about $3,435,000. Hillsdale Investment Management Inc. grew its position in shares of Comfort Systems USA by 1.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock worth $950,000 after purchasing an additional 40 shares in the last quarter. American Century Companies Inc. grew its position in shares of Comfort Systems USA by 38.9% during the fourth quarter. American Century Companies Inc. now owns 79,039 shares of the construction company's stock worth $33,517,000 after purchasing an additional 22,116 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Comfort Systems USA during the 4th quarter valued at approximately $803,000. 96.51% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Tuesday, March 25th. 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 note on Monday, February 24th. UBS Group lifted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $530.75.

Comfort Systems USA Price Performance

Shares of FIX stock traded up $7.24 on Tuesday, reaching $329.57. The company's stock had a trading volume of 509,036 shares, compared to its average volume of 425,028. The stock's fifty day simple moving average is $386.23 and its 200-day simple moving average is $419.03. 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 capitalization of $11.72 billion, a price-to-earnings ratio of 22.56 and a beta of 1.24. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

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

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.40 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA's payout ratio is presently 10.95%.

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.