Comerica Bank Acquires 4,108 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Comerica Bank grew its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 141,482 shares of the construction company’s stock after purchasing an additional 4,108 shares during the quarter. Comerica Bank owned about 0.40% of Comfort Systems USA worth $59,997,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC increased its stake in Comfort Systems USA by 23.4% in the third quarter. Barclays PLC now owns 22,848 shares of the construction company’s stock valued at $8,919,000 after purchasing an additional 4,331 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at $1,137,000. Franklin Resources Inc. increased its position in shares of Comfort Systems USA by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company’s stock valued at $69,402,000 after buying an additional 1,236 shares in the last quarter. GAMMA Investing LLC raised its stake in Comfort Systems USA by 14.1% during the 4th quarter. GAMMA Investing LLC now owns 641 shares of the construction company’s stock worth $272,000 after buying an additional 79 shares during the period. Finally, Everence Capital Management Inc. bought a new position in Comfort Systems USA during the fourth quarter worth about $271,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Performance

NYSE FIX opened at $397.34 on Wednesday. The firm’s fifty day moving average price is $346.15 and its two-hundred day moving average price is $412.01. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The firm has a market capitalization of $14.04 billion, a P/E ratio of 27.20 and a beta of 1.27. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. The business had revenue of $1.83 billion during 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%. Comfort Systems USA’s revenue was up 19.1% on a year-over-year basis. During the same period last year, the business posted $2.69 EPS. As a group, research 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 Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a $0.45 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.45%. The ex-dividend date is Friday, May 16th. Comfort Systems USA’s dividend payout ratio is currently 10.80%.

Wall Street Analyst Weigh In

FIX has been the topic of several recent analyst reports. Stifel Nicolaus cut their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a report on Monday, February 24th. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Finally, DA Davidson lifted their price target on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and a consensus price target of $517.60.

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.