Intech Investment Management LLC Acquires 13,713 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Intech Investment Management LLC lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 51.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,453 shares of the construction company's stock after acquiring an additional 13,713 shares during the quarter. Intech Investment Management LLC owned approximately 0.11% of Comfort Systems USA worth $17,154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Petra Financial Advisors Inc. acquired a new position in shares of Comfort Systems USA in the fourth quarter worth $606,000. Axxcess Wealth Management LLC increased its stake in shares of Comfort Systems USA by 13.0% in the fourth quarter. Axxcess Wealth Management LLC now owns 2,508 shares of the construction company's stock worth $1,064,000 after acquiring an additional 288 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Comfort Systems USA in the fourth quarter worth $1,357,000. Gallacher Capital Management LLC increased its stake in shares of Comfort Systems USA by 47.7% in the fourth quarter. Gallacher Capital Management LLC now owns 855 shares of the construction company's stock worth $363,000 after acquiring an additional 276 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in shares of Comfort Systems USA by 14.5% in the fourth quarter. Corient Private Wealth LLC now owns 1,412 shares of the construction company's stock worth $599,000 after acquiring an additional 179 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

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Comfort Systems USA Stock Performance

Shares of NYSE FIX traded down $3.97 during mid-day trading on Friday, hitting $352.82. The company had a trading volume of 714,134 shares, compared to its average volume of 406,095. 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 business's 50-day simple moving average is $406.93 and its 200-day simple moving average is $416.55. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The firm has a market cap of $12.54 billion, a P/E ratio of 24.15 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.77 billion. As a group, analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced 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 0.45%. The ex-dividend date was Monday, March 10th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.95%.

Analysts Set New Price Targets

Several equities analysts have commented on FIX shares. Stifel Nicolaus lowered their target price 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. Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a "buy" rating and a $525.00 price target for the company. Sidoti upgraded 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 report on Monday, February 24th. UBS Group upped their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a report on Monday, December 9th. Finally, StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, February 15th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently 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.