Wells Fargo & Company MN Raises Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Wells Fargo & Company MN increased its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 45.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,757 shares of the construction company's stock after purchasing an additional 23,117 shares during the period. Wells Fargo & Company MN owned 0.21% of Comfort Systems USA worth $31,277,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quantinno Capital Management LP boosted its position in Comfort Systems USA by 12.6% during the 3rd quarter. Quantinno Capital Management LP now owns 3,727 shares of the construction company's stock valued at $1,455,000 after acquiring an additional 416 shares in the last quarter. Barclays PLC lifted its stake in shares of Comfort Systems USA by 23.4% during the 3rd quarter. Barclays PLC now owns 22,848 shares of the construction company's stock worth $8,919,000 after purchasing an additional 4,331 shares during the last quarter. M&T Bank Corp boosted its position in Comfort Systems USA by 6.5% during the third quarter. M&T Bank Corp now owns 5,380 shares of the construction company's stock valued at $2,100,000 after purchasing an additional 328 shares in the last quarter. Geode Capital Management LLC grew its stake in Comfort Systems USA by 6.8% in the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company's stock valued at $292,093,000 after purchasing an additional 47,929 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in Comfort Systems USA by 22.6% in the third quarter. Sunbelt Securities Inc. now owns 429 shares of the construction company's stock worth $167,000 after purchasing an additional 79 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

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Comfort Systems USA Stock Performance

Comfort Systems USA stock traded down $4.59 during mid-day trading on Wednesday, reaching $351.63. 44,447 shares of the company traded hands, compared to its average volume of 560,756. The firm's fifty day moving average is $355.55 and its two-hundred day moving average is $414.67. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 24.07 and a beta of 1.27. Comfort Systems USA, Inc. has a fifty-two week low of $272.92 and a fifty-two 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.

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

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.40 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.46%. Comfort Systems USA's payout ratio is 10.95%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FIX. StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Wednesday, April 9th. Stifel Nicolaus cut their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a 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 target on the stock in a research report on Monday, February 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA presently has an average 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.