First Trust Advisors LP Increases Position in Comfort Systems USA, Inc. (NYSE:FIX)

First Trust Advisors LP raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 463,790 shares of the construction company's stock after acquiring an additional 105,756 shares during the period. First Trust Advisors LP owned approximately 1.30% of Comfort Systems USA worth $196,675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC increased its holdings in Comfort Systems USA by 23.4% in the 3rd quarter. Barclays PLC now owns 22,848 shares of the construction company's stock valued at $8,919,000 after purchasing an additional 4,331 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Comfort Systems USA by 48.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,965 shares of the construction company's stock valued at $1,157,000 after buying an additional 974 shares during the period. World Investment Advisors LLC acquired a new position in Comfort Systems USA during the 3rd quarter worth about $1,137,000. Franklin Resources Inc. boosted its holdings in Comfort Systems USA by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company's stock valued at $69,402,000 after acquiring an additional 1,236 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Comfort Systems USA by 14.1% during the 4th quarter. GAMMA Investing LLC now owns 641 shares of the construction company's stock valued at $272,000 after acquiring an additional 79 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Stifel Nicolaus dropped their price target 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. Finally, Sidoti raised 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $530.75.

Comfort Systems USA Stock Up 7.9 %

Comfort Systems USA stock traded up $29.66 during trading on Friday, reaching $405.87. The stock had a trading volume of 803,855 shares, compared to its average volume of 438,862. 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, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The stock has a market cap of $14.34 billion, a PE ratio of 27.71 and a beta of 1.27. The business has a 50 day moving average price of $345.79 and a 200 day moving average price of $412.27.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. On average, analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.44%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is currently 10.95%.

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.