Invesco Ltd. trimmed its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,403,048 shares of the construction company's stock after selling 31,133 shares during the quarter. Invesco Ltd. owned 3.94% of Comfort Systems USA worth $594,977,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIX. Cerity Partners LLC boosted its stake in shares of Comfort Systems USA by 5.2% in the fourth quarter. Cerity Partners LLC now owns 17,476 shares of the construction company's stock worth $7,059,000 after buying an additional 859 shares during the last quarter. FMR LLC lifted its holdings in Comfort Systems USA by 9.6% in the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after acquiring an additional 148,493 shares during the period. Benchmark Investment Advisors LLC purchased a new stake in Comfort Systems USA in the 4th quarter worth approximately $453,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $469,000. Finally, Federated Hermes Inc. increased its holdings in shares of Comfort Systems USA by 12.4% during the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock valued at $198,391,000 after purchasing an additional 51,771 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.
Comfort Systems USA Price Performance
FIX traded up $10.54 during midday trading on Friday, hitting $347.94. 330,175 shares of the company traded hands, compared to its average volume of 435,920. The business has a 50 day simple moving average of $359.67 and a two-hundred day simple moving average of $415.34. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a market capitalization of $12.29 billion, a price-to-earnings ratio of 23.81 and a beta of 1.27. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.
Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.
Comfort Systems USA Increases Dividend
The company also recently announced 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 0.46%. The ex-dividend date was Monday, March 10th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's dividend payout ratio (DPR) is 10.95%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. 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 report on Monday, February 24th. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a research report on Monday, February 24th. Finally, StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Wednesday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA has an average rating of "Buy" and a consensus target price of $530.75.
Check Out Our Latest Research Report on Comfort Systems USA
Comfort Systems USA Company Profile
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Free Report)
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.
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