9,538 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,538 shares of the construction company's stock, valued at approximately $4,045,000.

Several other hedge funds and other institutional investors have also made changes to their positions in FIX. Thurston Springer Miller Herd & Titak Inc. raised its stake in Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after purchasing an additional 28 shares during the last quarter. Dakota Wealth Management raised its position in shares of Comfort Systems USA by 3.8% in the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company's stock valued at $334,000 after buying an additional 29 shares during the last quarter. Covestor Ltd lifted its stake in shares of Comfort Systems USA by 7.1% in the third quarter. Covestor Ltd now owns 465 shares of the construction company's stock worth $182,000 after buying an additional 31 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Comfort Systems USA by 9.3% in the third quarter. Signaturefd LLC now owns 377 shares of the construction company's stock worth $147,000 after buying an additional 32 shares in the last quarter. Finally, Trust Point Inc. boosted 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 worth $775,000 after acquiring an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

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Comfort Systems USA Trading Down 4.7 %

Comfort Systems USA stock traded down $17.52 during mid-day trading on Thursday, hitting $357.28. The company's stock had a trading volume of 663,733 shares, compared to its average volume of 556,806. The stock's fifty day moving average is $439.93 and its two-hundred day moving average is $416.50. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $12.70 billion, a PE ratio of 24.45 and a beta of 1.22. Comfort Systems USA, Inc. has a 1 year low of $272.92 and a 1 year high of $553.09.

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, beating the consensus estimate of $3.63 by $0.46. The business 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 anticipate 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 will be paid on Friday, March 21st. Shareholders 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 is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.45%. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.95%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, February 15th. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a research report on Monday. UBS Group upped their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a report on Monday, December 9th. Stifel Nicolaus cut their target price on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research note on Monday. Finally, Northcoast Research assumed coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a "buy" rating and a $525.00 price target on the stock. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $494.60.

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.