National Bank of Canada FI Purchases 786 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

National Bank of Canada FI raised its position in Comfort Systems USA, Inc. (NYSE:FIX) by 520.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 937 shares of the construction company’s stock after buying an additional 786 shares during the period. National Bank of Canada FI’s holdings in Comfort Systems USA were worth $397,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Comfort Systems USA by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock valued at $1,603,242,000 after buying an additional 67,240 shares during the period. Geode Capital Management LLC boosted 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 acquiring an additional 47,929 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Comfort Systems USA during the 4th quarter valued at approximately $217,771,000. Norges Bank purchased a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $196,154,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Comfort Systems USA by 191.2% in the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock worth $161,523,000 after purchasing an additional 250,085 shares during the period. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 5.1 %

NYSE:FIX opened at $338.62 on Friday. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The stock’s fifty day moving average price is $361.23 and its two-hundred day moving average price is $415.53. 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 company has a market cap of $12.04 billion, a P/E ratio of 23.18 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion for 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%. As a group, analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 annualized dividend 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 currently 10.95%.

Wall Street Analyst Weigh In

FIX has been the subject of several research reports. Stifel Nicolaus reduced their price objective 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. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, 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 note on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price 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.