JPMorgan Chase & Co. increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 191.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 380,896 shares of the construction company's stock after purchasing an additional 250,085 shares during the period. JPMorgan Chase & Co. owned approximately 1.07% of Comfort Systems USA worth $161,523,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIX. Proficio Capital Partners LLC bought a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $217,771,000. Raymond James Financial Inc. acquired a new stake in Comfort Systems USA in the 4th quarter worth about $39,038,000. Vanguard Group Inc. boosted its holdings in Comfort Systems USA by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock valued at $1,603,242,000 after purchasing an additional 67,240 shares during the period. River Global Investors LLP bought a new stake in Comfort Systems USA in the 4th quarter valued at about $20,945,000. Finally, Geode Capital Management LLC increased its holdings in shares of Comfort Systems USA by 6.8% during the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company's stock worth $292,093,000 after purchasing an additional 47,929 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.
Comfort Systems USA Price Performance
Shares of Comfort Systems USA stock traded down $15.31 during trading on Friday, reaching $296.07. 782,799 shares of the company's stock were exchanged, compared to its average volume of 429,597. The firm's 50-day moving average price is $372.38 and its 200 day moving average price is $418.23. The company has a market cap of $10.53 billion, a P/E ratio of 20.26 and a beta of 1.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09.
Comfort Systems USA (NYSE:FIX - Get Free Report) last posted 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. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.
Comfort Systems USA Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.54%. Comfort Systems USA's dividend payout ratio is 10.95%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on FIX shares. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Stifel Nicolaus cut their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, UBS Group raised their target price 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of "Moderate Buy" and an average price target of $530.75.
Check Out Our Latest Stock Report on FIX
About Comfort Systems USA
(
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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