Thompson Davis & CO. Inc. Raises Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Thompson Davis & CO. Inc. boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 10.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 990 shares of the construction company’s stock after buying an additional 95 shares during the period. Thompson Davis & CO. Inc.’s holdings in Comfort Systems USA were worth $420,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. State Street Corp grew its position in shares of Comfort Systems USA by 0.6% during the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after purchasing an additional 6,496 shares in the last quarter. Geode Capital Management LLC lifted its stake in Comfort Systems USA by 6.8% in the third quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after purchasing an additional 47,929 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Comfort Systems USA by 2.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 363,947 shares of the construction company’s stock worth $154,335,000 after purchasing an additional 7,890 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Comfort Systems USA by 20.6% during the third quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock valued at $99,735,000 after acquiring an additional 43,691 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Comfort Systems USA by 6,071.6% during the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after acquiring an additional 173,709 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIX. UBS Group lifted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and an average price target of $506.75.

Comfort Systems USA Trading Down 5.2 %

NYSE FIX opened at $362.18 on Friday. The company has a market capitalization of $12.89 billion, a PE ratio of 27.71 and a beta of 1.22. The company has a fifty day moving average of $446.90 and a 200 day moving average of $414.14. Comfort Systems USA, Inc. has a 1 year low of $242.84 and a 1 year high of $553.09. 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 issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Research analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.44%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is currently 10.71%.

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.