Zurcher Kantonalbank Zurich Cantonalbank Has $4.18 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,851 shares of the construction company's stock after acquiring an additional 1,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Comfort Systems USA were worth $4,177,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Consolidated Planning Corp lifted its stake in Comfort Systems USA by 49.0% in the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock valued at $2,028,000 after purchasing an additional 1,573 shares during the last quarter. Diversified Trust Co bought a new position in Comfort Systems USA in the fourth quarter valued at about $2,998,000. Zacks Investment Management boosted its stake in shares of Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company's stock valued at $3,376,000 after purchasing an additional 1,795 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Comfort Systems USA during the fourth quarter valued at about $39,038,000. Finally, Quest Partners LLC bought a new stake in shares of Comfort Systems USA during the third quarter worth about $940,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Trading Down 2.1 %

FIX stock traded down $7.18 during midday trading on Tuesday, hitting $339.17. The stock had a trading volume of 481,895 shares, compared to its average volume of 403,927. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market cap of $12.06 billion, a P/E ratio of 23.21 and a beta of 1.24. The business has a fifty day moving average price of $414.62 and a two-hundred day moving average price of $417.48. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09.

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Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. On average, sell-side 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 business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, March 10th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's payout ratio is presently 10.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a "buy" rating and a $525.00 price objective on the stock. Sidoti upgraded 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. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, February 15th. Finally, UBS Group increased their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA presently has an average rating of "Buy" and a consensus price target 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.