Distillate Capital Partners LLC Acquires New Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Distillate Capital Partners LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,681 shares of the construction company's stock, valued at approximately $15,131,000. Distillate Capital Partners LLC owned about 0.10% of Comfort Systems USA as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIX. Proficio Capital Partners LLC bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $217,771,000. Norges Bank bought a new position in Comfort Systems USA during the fourth quarter worth $196,154,000. JPMorgan Chase & Co. boosted its position in Comfort Systems USA by 191.2% during the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after purchasing an additional 250,085 shares during the period. FMR LLC increased its holdings in shares of Comfort Systems USA by 9.6% in the fourth 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 position in shares of Comfort Systems USA in the fourth quarter valued at about $39,038,000. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded up $5.06 during midday trading on Tuesday, hitting $356.66. The company's stock had a trading volume of 291,576 shares, compared to its average volume of 435,576. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 24.41 and a beta of 1.27. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The company has a 50-day moving average price of $355.55 and a two-hundred day moving average price of $414.67.

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Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts' consensus estimates of $3.63 by $0.46. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.40 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, March 10th. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.95%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Stifel Nicolaus reduced 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 report on Monday, February 24th. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Wednesday, April 9th. Finally, Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a report on Monday, February 24th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $530.75.

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.