Harvest Investment Services LLC Raises Position in Comfort Systems USA, Inc. (NYSE:FIX)

Harvest Investment Services LLC raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 75.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,118 shares of the construction company’s stock after buying an additional 4,343 shares during the quarter. Comfort Systems USA comprises about 1.1% of Harvest Investment Services LLC’s investment portfolio, making the stock its 19th biggest holding. Harvest Investment Services LLC’s holdings in Comfort Systems USA were worth $4,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Comfort Systems USA by 23.4% in the third quarter. Barclays PLC now owns 22,848 shares of the construction company’s stock valued at $8,919,000 after acquiring an additional 4,331 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Comfort Systems USA during the 3rd quarter worth approximately $1,137,000. Franklin Resources Inc. increased its position in Comfort Systems USA by 0.8% during the 3rd quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company’s stock valued at $69,402,000 after buying an additional 1,236 shares in the last quarter. GAMMA Investing LLC raised its stake in Comfort Systems USA by 14.1% in the 4th quarter. GAMMA Investing LLC now owns 641 shares of the construction company’s stock worth $272,000 after acquiring an additional 79 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in Comfort Systems USA during the 4th quarter valued at approximately $271,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Stifel Nicolaus decreased their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. Finally, StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and an average target price of $530.75.

Comfort Systems USA Stock Performance

Shares of FIX opened at $329.27 on Tuesday. The firm has a 50-day moving average price of $347.86 and a 200 day moving average price of $413.38. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The firm has a market capitalization of $11.63 billion, a PE ratio of 22.54 and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, March 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.95%.

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.