KLP Kapitalforvaltning AS Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

KLP Kapitalforvaltning AS purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,100 shares of the construction company’s stock, valued at approximately $3,435,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FIX. Consolidated Planning Corp lifted its position in shares of Comfort Systems USA by 49.0% during the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock worth $2,028,000 after purchasing an additional 1,573 shares in the last quarter. Diversified Trust Co acquired a new position in Comfort Systems USA in the 4th quarter worth $2,998,000. Zacks Investment Management boosted its position in Comfort Systems USA by 26.2% in the 3rd 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 last quarter. Raymond James Financial Inc. acquired a new stake in shares of Comfort Systems USA during the fourth quarter valued at about $39,038,000. Finally, Commerce Bank purchased a new stake in shares of Comfort Systems USA during the third quarter worth about $511,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group increased their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 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 shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus price target of $530.75.

Comfort Systems USA Price Performance

Shares of FIX opened at $345.94 on Thursday. 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 stock has a fifty day moving average price of $400.94 and a 200 day moving average price of $418.48. The company has a market cap of $12.30 billion, a P/E ratio of 23.68 and a beta of 1.24. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09.

Comfort Systems USA (NYSE:FIX) last released 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 for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. On average, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

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

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.