River Global Investors LLP Invests $20.95 Million in Comfort Systems USA, Inc. (NYSE:FIX)

River Global Investors LLP acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 49,370 shares of the construction company's stock, valued at approximately $20,945,000. Comfort Systems USA makes up approximately 4.1% of River Global Investors LLP's holdings, making the stock its 5th biggest position. River Global Investors LLP owned 0.14% of Comfort Systems USA at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its stake in Comfort Systems USA by 19.6% in the third quarter. Janney Montgomery Scott LLC now owns 6,200 shares of the construction company's stock worth $2,420,000 after buying an additional 1,015 shares in the last quarter. Consolidated Planning Corp lifted its holdings in shares of Comfort Systems USA by 69.1% in the 3rd quarter. Consolidated Planning Corp now owns 3,210 shares of the construction company's stock worth $1,253,000 after acquiring an additional 1,312 shares during the last quarter. Portside Wealth Group LLC grew its holdings in shares of Comfort Systems USA by 2.6% during the 3rd quarter. Portside Wealth Group LLC now owns 2,254 shares of the construction company's stock valued at $880,000 after purchasing an additional 58 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Comfort Systems USA during the 3rd quarter valued at $89,000. Finally, Hollencrest Capital Management purchased a new position in Comfort Systems USA in the 3rd quarter worth $28,000. 96.51% of the stock is owned by institutional investors.

Remove Ads

Comfort Systems USA Trading Up 3.5 %

FIX traded up $11.51 during midday trading on Wednesday, reaching $336.09. 475,583 shares of the company's stock traded hands, compared to its average volume of 407,973. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a fifty day moving average of $422.70 and a two-hundred day moving average of $417.53. The stock has a market capitalization of $11.95 billion, a price-to-earnings ratio of 23.00 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping analysts' consensus estimates of $3.63 by $0.46. The company had revenue of $1.87 billion during 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, equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.48%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's payout ratio is currently 10.95%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FIX. UBS Group upped their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research report on Monday, December 9th. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, February 15th. Northcoast Research assumed coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a "buy" rating and a $525.00 price target on the stock. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a research note on Monday, February 24th. Finally, Stifel Nicolaus decreased their target price 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $530.75.

About Comfort Systems USA

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.