Bessemer Group Inc. Boosts Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Bessemer Group Inc. raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,251 shares of the construction company’s stock after purchasing an additional 2,655 shares during the quarter. Bessemer Group Inc. owned 0.18% of Comfort Systems USA worth $26,823,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Consolidated Planning Corp grew its position in Comfort Systems USA by 49.0% in the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock valued at $2,028,000 after buying an additional 1,573 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Comfort Systems USA in the 4th quarter worth $2,998,000. Raymond James Financial Inc. purchased a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $39,038,000. BOCHK Asset Management Ltd acquired a new position in shares of Comfort Systems USA during the fourth quarter worth about $509,000. Finally, HB Wealth Management LLC purchased a new position in Comfort Systems USA during the fourth quarter worth about $292,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

FIX has been the topic of a number of analyst reports. 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 report on Monday, February 24th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Stifel Nicolaus reduced their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a report on Monday, February 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $530.75.

Comfort Systems USA Stock Performance

NYSE FIX opened at $338.62 on Friday. The business has a 50 day moving average price of $361.23 and a 200 day moving average price of $415.53. The company has a market capitalization of $12.04 billion, a P/E ratio of 23.18 and a beta of 1.27. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year 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) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.47%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio 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.