Ontario Teachers Pension Plan Board Grows Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Ontario Teachers Pension Plan Board lifted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 229.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,777 shares of the construction company's stock after buying an additional 3,328 shares during the period. Ontario Teachers Pension Plan Board's holdings in Comfort Systems USA were worth $2,026,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FIX. Mariner LLC boosted its holdings in Comfort Systems USA by 22.4% in the fourth quarter. Mariner LLC now owns 15,268 shares of the construction company's stock worth $6,475,000 after purchasing an additional 2,790 shares during the last quarter. Barclays PLC grew its holdings in shares of Comfort Systems USA by 94.3% in the fourth quarter. Barclays PLC now owns 44,402 shares of the construction company's stock worth $18,830,000 after acquiring an additional 21,554 shares during the period. Optimize Financial Inc bought a new stake in shares of Comfort Systems USA in the fourth quarter worth $276,000. Distillate Capital Partners LLC purchased a new stake in Comfort Systems USA during the fourth quarter valued at $15,131,000. Finally, Covestor Ltd increased its stake in shares of Comfort Systems USA by 10.8% in the 4th quarter. Covestor Ltd now owns 515 shares of the construction company's stock worth $218,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday. Stifel Nicolaus decreased their target price on 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, Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $530.75.

Comfort Systems USA Stock Performance

Shares of FIX traded down $1.01 during mid-day trading on Friday, reaching $348.16. The company had a trading volume of 336,314 shares, compared to its average volume of 436,241. The stock has a market capitalization of $12.30 billion, a P/E ratio of 23.83 and a beta of 1.27. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The stock has a 50 day moving average of $349.24 and a two-hundred day moving average of $413.76. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its 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. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.40 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.46%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.95%.

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.