Holderness Investments Co. Makes New Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Holderness Investments Co. bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, Holdings Channel reports. The institutional investor bought 605 shares of the construction company’s stock, valued at approximately $257,000.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in Comfort Systems USA by 0.6% during the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock worth $412,038,000 after acquiring an additional 6,496 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Comfort Systems USA by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after acquiring an additional 47,929 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Comfort Systems USA in the fourth quarter valued at approximately $217,771,000. Vaughan Nelson Investment Management L.P. increased its position in Comfort Systems USA by 2.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 363,947 shares of the construction company’s stock worth $154,335,000 after acquiring an additional 7,890 shares during the period. Finally, Royal London Asset Management Ltd. lifted its position in shares of Comfort Systems USA by 20.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock valued at $99,735,000 after acquiring an additional 43,691 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 1.1 %

Shares of Comfort Systems USA stock opened at $352.82 on Friday. 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. The firm has a market cap of $12.54 billion, a price-to-earnings ratio of 24.15 and a beta of 1.24. The company has a 50-day moving average of $406.93 and a 200 day moving average of $416.55.

Comfort Systems USA (NYSE:FIX) last posted its 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 business had revenue of $1.87 billion during the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.40 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is 10.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. UBS Group increased their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a research report on Monday, February 24th. Finally, Stifel Nicolaus lowered their target price 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $530.75.

Comfort Systems USA 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.