Geode Capital Management LLC Grows Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Geode Capital Management LLC raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 769,534 shares of the construction company's stock after acquiring an additional 21,406 shares during the quarter. Geode Capital Management LLC owned about 2.16% of Comfort Systems USA worth $326,409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. National Bank of Canada FI grew its position in shares of Comfort Systems USA by 520.5% during the 4th quarter. National Bank of Canada FI now owns 937 shares of the construction company's stock worth $397,000 after buying an additional 786 shares during the period. Franklin Resources Inc. raised its holdings in shares of Comfort Systems USA by 5.3% during the fourth quarter. Franklin Resources Inc. now owns 174,406 shares of the construction company's stock valued at $73,959,000 after purchasing an additional 8,827 shares during the period. Edmond DE Rothschild Holding S.A. bought a new position in shares of Comfort Systems USA during the 4th quarter worth about $297,000. Clearbridge Investments LLC bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $23,413,000. Finally, Schroder Investment Management Group acquired a new position in shares of Comfort Systems USA during the fourth quarter worth approximately $37,797,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FIX shares. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a research report on Monday, February 24th. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Stifel Nicolaus lowered their price objective on 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. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $530.75.

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Comfort Systems USA Stock Performance

Comfort Systems USA stock traded down $23.88 during mid-day trading on Thursday, reaching $332.90. 154,756 shares of the company's stock were exchanged, compared to its average volume of 572,787. Comfort Systems USA, Inc. has a one year low of $272.92 and a one year high of $553.09. The firm has a market capitalization of $11.84 billion, a PE ratio of 22.80 and a beta of 1.27. The business's fifty day simple moving average is $363.00 and its 200 day simple moving average is $415.87. 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 (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. On average, sell-side analysts expect 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 paid a $0.40 dividend. The ex-dividend date was Monday, March 10th. 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 dividend yield of 0.48%. Comfort Systems USA's payout ratio is presently 10.95%.

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.