Handelsbanken Fonder AB Boosts Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Handelsbanken Fonder AB boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 19.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,137 shares of the construction company’s stock after acquiring an additional 1,500 shares during the quarter. Handelsbanken Fonder AB’s holdings in Comfort Systems USA were worth $3,875,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in FIX. Sequoia Financial Advisors LLC grew its stake in Comfort Systems USA by 5.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the construction company’s stock valued at $587,000 after acquiring an additional 77 shares during the period. Signaturefd LLC grew its stake in Comfort Systems USA by 9.3% in the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock valued at $147,000 after acquiring an additional 32 shares during the period. Private Advisor Group LLC grew its stake in Comfort Systems USA by 11.6% in the 3rd quarter. Private Advisor Group LLC now owns 1,055 shares of the construction company’s stock valued at $412,000 after acquiring an additional 110 shares during the period. Assenagon Asset Management S.A. grew its stake in Comfort Systems USA by 215.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 16,407 shares of the construction company’s stock valued at $6,404,000 after acquiring an additional 11,213 shares during the period. Finally, Highland Capital Management LLC acquired a new stake in Comfort Systems USA in the 3rd quarter valued at $276,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 5.2 %

Shares of FIX opened at $362.18 on Monday. Comfort Systems USA, Inc. has a 52-week low of $242.84 and a 52-week high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm’s fifty day moving average is $444.90 and its two-hundred day moving average is $415.30. The stock has a market cap of $12.89 billion, a PE ratio of 24.79 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is currently 10.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FIX shares. Northcoast Research started 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 target on the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. UBS Group lifted their target price 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. Finally, Stifel Nicolaus lifted their target price 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $506.75.

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.