Franklin Resources Inc. Has $73.96 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Franklin Resources Inc. grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,406 shares of the construction company's stock after purchasing an additional 8,827 shares during the period. Franklin Resources Inc. owned about 0.49% of Comfort Systems USA worth $73,959,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in Comfort Systems USA in the fourth quarter valued at about $217,771,000. Norges Bank bought a new stake in shares of Comfort Systems USA in the 4th quarter valued at approximately $196,154,000. JPMorgan Chase & Co. increased its holdings in Comfort Systems USA by 191.2% in the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after buying an additional 250,085 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Comfort Systems USA in the fourth quarter worth approximately $39,038,000. Finally, Schroder Investment Management Group bought a new position in Comfort Systems USA during the fourth quarter valued at approximately $37,797,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FIX has been the topic of several analyst reports. 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. UBS Group increased their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. StockNews.com lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. 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 report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of "Moderate Buy" and an average price target of $530.75.

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Comfort Systems USA Stock Performance

NYSE:FIX traded up $17.37 during midday trading on Tuesday, reaching $329.50. The stock had a trading volume of 123,776 shares, compared to its average volume of 569,971. The stock has a market capitalization of $11.71 billion, a P/E ratio of 22.49 and a beta of 1.27. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 1-year low of $272.92 and a 1-year high of $553.09. The firm's fifty day simple moving average is $370.52 and its 200-day simple moving average is $417.74.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.49%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA's dividend 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.