AQR Capital Management LLC Has $108.97 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

AQR Capital Management LLC boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 25.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 256,975 shares of the construction company’s stock after acquiring an additional 51,702 shares during the quarter. AQR Capital Management LLC owned 0.72% of Comfort Systems USA worth $108,973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FIX. Vanguard Group Inc. boosted its holdings in shares of Comfort Systems USA by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock worth $1,603,242,000 after purchasing an additional 67,240 shares during the period. FMR LLC grew its holdings in shares of Comfort Systems USA by 9.6% during the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock valued at $719,645,000 after acquiring an additional 148,493 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Comfort Systems USA by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock worth $326,409,000 after acquiring an additional 21,406 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Comfort Systems USA during the fourth quarter valued at $217,771,000. Finally, Federated Hermes Inc. raised its stake in shares of Comfort Systems USA by 12.4% during the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company’s stock worth $198,391,000 after purchasing an additional 51,771 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $397.34 on Wednesday. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company has a market capitalization of $14.04 billion, a P/E ratio of 27.20 and a beta of 1.27. The stock has a 50 day moving average of $346.15 and a two-hundred day moving average of $412.01. 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 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period last year, the business earned $2.69 earnings per share. Comfort Systems USA’s quarterly revenue was up 19.1% compared to the same quarter last year. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a dividend of $0.45 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, May 16th. Comfort Systems USA’s payout ratio is 10.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research report on Monday. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. Finally, Stifel Nicolaus cut their price objective on 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $517.60.

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.