KLP Kapitalforvaltning AS Acquires New Position in Comfort Systems USA, Inc. (NYSE:FIX)

KLP Kapitalforvaltning AS bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,100 shares of the construction company's stock, valued at approximately $3,435,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Comfort Systems USA by 28.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after acquiring an additional 28 shares during the last quarter. Dakota Wealth Management raised its holdings in shares of Comfort Systems USA by 3.8% during the 4th quarter. Dakota Wealth Management now owns 788 shares of the construction company's stock valued at $334,000 after buying an additional 29 shares in the last quarter. Private Trust Co. NA boosted its stake in Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after buying an additional 31 shares in the last quarter. Trust Point Inc. grew its position in Comfort Systems USA by 1.8% during the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock valued at $775,000 after acquiring an additional 32 shares during the last quarter. Finally, Savant Capital LLC raised its stake in shares of Comfort Systems USA by 0.8% during the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock worth $1,739,000 after acquiring an additional 33 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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Comfort Systems USA Trading Down 2.6 %

NYSE:FIX traded down $8.49 during midday trading on Friday, reaching $323.79. 675,400 shares of the stock traded hands, compared to its average volume of 422,563. The stock has a market capitalization of $11.51 billion, a P/E ratio of 22.16 and a beta of 1.24. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a fifty day moving average of $393.86 and a 200 day moving average of $419.28.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. On average, research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced 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. This represents a $1.60 annualized dividend and a dividend yield of 0.49%. This is a positive change 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 (DPR) is presently 10.95%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FIX. StockNews.com cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Tuesday, March 25th. Stifel Nicolaus cut their price target 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. UBS Group raised their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.