Federated Hermes Inc. Boosts Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Federated Hermes Inc. increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 467,838 shares of the construction company's stock after purchasing an additional 51,771 shares during the quarter. Federated Hermes Inc. owned 1.31% of Comfort Systems USA worth $198,391,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after buying an additional 77 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Comfort Systems USA by 183.3% during the fourth 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 lifted its stake in Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after acquiring an additional 31 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Comfort Systems USA by 1,300.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company's stock valued at $48,000 after purchasing an additional 104 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Comfort Systems USA by 28.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 96.51% of the company's stock.

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Comfort Systems USA Stock Up 1.9 %

Shares of Comfort Systems USA stock traded up $6.43 during trading on Friday, reaching $343.83. The company's stock had a trading volume of 111,786 shares, compared to its average volume of 433,675. 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 cap of $12.22 billion, a price-to-earnings ratio of 23.50 and a beta of 1.27. 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 company has a 50-day simple moving average of $361.23 and a two-hundred day simple moving average of $415.53.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's payout ratio is currently 10.95%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of research reports. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Wednesday. Stifel Nicolaus decreased their price objective 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. Finally, Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a research report on Monday, February 24th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average 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.