First Trust Advisors LP Grows Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

First Trust Advisors LP raised its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 29.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 463,790 shares of the construction company’s stock after buying an additional 105,756 shares during the period. First Trust Advisors LP owned approximately 1.30% of Comfort Systems USA worth $196,675,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in Comfort Systems USA during the fourth quarter worth $217,771,000. Norges Bank purchased a new position in shares of Comfort Systems USA in the fourth quarter valued at $196,154,000. JPMorgan Chase & Co. raised its stake in shares of Comfort Systems USA by 191.2% during the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock worth $161,523,000 after buying an additional 250,085 shares during the last quarter. FMR LLC boosted its position in shares of Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock worth $719,645,000 after buying an additional 148,493 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Comfort Systems USA in the 4th quarter worth about $39,038,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 0.3 %

Shares of FIX stock opened at $348.16 on Friday. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The firm’s 50-day simple moving average is $349.24 and its 200-day simple moving average is $413.76. The firm has a market cap of $12.30 billion, a P/E ratio of 23.83 and a beta of 1.27. 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 earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. As a group, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued 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 0.46%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Stifel Nicolaus cut their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. Finally, StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $530.75.

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.