Y Intercept Hong Kong Ltd Invests $4.05 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Y Intercept Hong Kong Ltd acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 9,538 shares of the construction company’s stock, valued at approximately $4,045,000.

Several other institutional investors have also modified their holdings of FIX. Sequoia Financial Advisors LLC lifted its position in shares of Comfort Systems USA by 5.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the construction company’s stock worth $587,000 after purchasing an additional 77 shares during the last quarter. Signaturefd LLC lifted its position in shares of Comfort Systems USA by 9.3% during the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after purchasing an additional 32 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Comfort Systems USA by 11.6% during the 3rd quarter. Private Advisor Group LLC now owns 1,055 shares of the construction company’s stock worth $412,000 after purchasing an additional 110 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Comfort Systems USA by 215.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,407 shares of the construction company’s stock worth $6,404,000 after purchasing an additional 11,213 shares during the last quarter. Finally, Highland Capital Management LLC acquired a new stake in Comfort Systems USA during the 3rd quarter worth $276,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Finally, Northcoast Research began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and an average price target of $506.75.

Comfort Systems USA Trading Down 5.2 %

NYSE FIX opened at $362.18 on Monday. The stock has a market capitalization of $12.89 billion, a P/E ratio of 24.79 and a beta of 1.22. Comfort Systems USA, Inc. has a 52-week low of $242.84 and a 52-week high of $553.09. The firm has a 50-day moving average price of $444.90 and a 200 day moving average price of $415.30. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.46. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. Equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced 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. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, March 10th. Comfort Systems USA’s dividend 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.