Comfort Systems USA, Inc. (NYSE:FIX) Stock Position Raised by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 1,300.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 112 shares of the construction company’s stock after acquiring an additional 104 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Comfort Systems USA were worth $48,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. State Street Corp boosted its stake in shares of Comfort Systems USA by 0.6% during the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock worth $412,038,000 after acquiring an additional 6,496 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 buying an additional 47,929 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter worth $217,771,000. Vaughan Nelson Investment Management L.P. boosted its position in shares of 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 buying an additional 7,890 shares during the period. Finally, Royal London Asset Management Ltd. boosted its position in shares of Comfort Systems USA by 20.6% in the third quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock worth $99,735,000 after buying an additional 43,691 shares during the period. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

FIX opened at $339.17 on Wednesday. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 23.21 and a beta of 1.24. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. 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 stock has a fifty day moving average price of $412.36 and a 200 day moving average price of $417.38.

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

Comfort Systems USA Increases Dividend

The business also recently announced 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. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.47%. The ex-dividend date is Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is 10.95%.

Analyst Ratings Changes

FIX has been the subject of several recent analyst reports. Northcoast Research initiated coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Stifel Nicolaus decreased their target price 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. Sidoti raised 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. Finally, UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $530.75.

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.