Norges Bank Invests $196.15 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Norges Bank bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 462,562 shares of the construction company's stock, valued at approximately $196,154,000. Norges Bank owned 1.30% of Comfort Systems USA at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Consolidated Planning Corp lifted its stake in Comfort Systems USA by 49.0% in the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock valued at $2,028,000 after purchasing an additional 1,573 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $2,998,000. Zacks Investment Management boosted its stake in shares of Comfort Systems USA by 26.2% in the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company's stock valued at $3,376,000 after buying an additional 1,795 shares during the period. Raymond James Financial Inc. bought a new position in Comfort Systems USA during the 4th quarter worth $39,038,000. Finally, BOCHK Asset Management Ltd acquired a new position in Comfort Systems USA in the 4th quarter valued at $509,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FIX has been the topic of several analyst reports. UBS Group increased their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Stifel Nicolaus reduced their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research report on Monday, February 24th. Finally, StockNews.com downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus target price of $530.75.

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Comfort Systems USA Price Performance

NYSE FIX traded down $15.31 during trading on Friday, hitting $296.07. 782,799 shares of the company's stock were exchanged, compared to its average volume of 429,097. The company has a market cap of $10.53 billion, a PE ratio of 20.26 and a beta of 1.24. 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, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The stock's 50 day moving average price is $372.38 and its two-hundred day moving average price is $417.38.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.77 billion. Research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS 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 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%.

Comfort Systems USA 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.