CANADA LIFE ASSURANCE Co Buys 783 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

CANADA LIFE ASSURANCE Co increased its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,551 shares of the construction company's stock after acquiring an additional 783 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.08% of Comfort Systems USA worth $12,530,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Comfort Systems USA by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock worth $1,603,242,000 after purchasing an additional 67,240 shares in the last quarter. FMR LLC grew its stake in Comfort Systems USA by 9.6% in 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 period. Geode Capital Management LLC boosted its holdings in shares of Comfort Systems USA by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after buying an additional 21,406 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Comfort Systems USA in the fourth quarter worth about $217,771,000. Finally, Federated Hermes Inc. increased its position in Comfort Systems USA by 12.4% in the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock worth $198,391,000 after buying an additional 51,771 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Sidoti upgraded 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 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 note on Monday, February 24th. Finally, StockNews.com cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $530.75.

Comfort Systems USA Price Performance

Shares of NYSE FIX traded up $21.25 during trading hours on Friday, reaching $397.46. 1,314,100 shares of the stock traded hands, compared to its average volume of 440,832. The company's 50-day simple moving average is $345.79 and its two-hundred day simple moving average is $412.27. The company has a market capitalization of $14.04 billion, a P/E ratio of 27.20 and a beta of 1.27. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. 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 (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be issued a dividend of $0.45 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, May 16th. Comfort Systems USA's dividend payout ratio is currently 10.95%.

About Comfort Systems USA

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.