Comfort Systems USA, Inc. (NYSE:FIX) Short Interest Update

Comfort Systems USA, Inc. (NYSE:FIX) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,030,000 shares, an increase of 38.9% from the February 13th total of 741,400 shares. Based on an average trading volume of 497,500 shares, the days-to-cover ratio is presently 2.1 days. Currently, 2.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently bought and sold shares of FIX. Vanguard Group Inc. increased its holdings in shares of Comfort Systems USA by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock valued at $1,603,242,000 after acquiring an additional 67,240 shares during the last quarter. FMR LLC increased its holdings 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 valued at $719,645,000 after acquiring an additional 148,493 shares during the last quarter. State Street Corp increased its holdings in shares of Comfort Systems USA by 0.6% in the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after acquiring an additional 6,496 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Comfort Systems USA by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock valued at $326,409,000 after acquiring an additional 21,406 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter valued at approximately $217,771,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 4.5 %

FIX traded up $14.67 during midday trading on Friday, hitting $341.92. The company’s stock had a trading volume of 395,350 shares, compared to its average volume of 403,895. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market cap of $12.16 billion, a P/E ratio of 23.40 and a beta of 1.24. The firm has a 50-day moving average price of $416.79 and a two-hundred day moving average price of $416.94. Comfort Systems USA has a 52-week low of $272.93 and a 52-week high of $553.09.

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, beating the consensus estimate of $3.63 by $0.46. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, research analysts anticipate that Comfort Systems USA will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.47%. Comfort Systems USA’s payout ratio is currently 10.95%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FIX. UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Northcoast Research assumed coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company. Stifel Nicolaus dropped 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. Finally, 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus 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.