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

Comfort Systems USA, Inc. (NYSE:FIX) was the target of a large increase in short interest in 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. Currently, 2.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 497,500 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Trading of Comfort Systems USA

Institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new stake in Comfort Systems USA in the fourth quarter worth $217,771,000. Norges Bank purchased a new stake in Comfort Systems USA in the fourth quarter worth $196,154,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Comfort Systems USA in the third quarter worth $138,987,000. JPMorgan Chase & Co. increased its stake in Comfort Systems USA by 191.2% in the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock worth $161,523,000 after purchasing an additional 250,085 shares during the period. Finally, Voya Investment Management LLC increased its stake in Comfort Systems USA by 824.2% in the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company’s stock worth $98,985,000 after purchasing an additional 208,283 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE FIX traded up $5.01 during midday trading on Monday, reaching $346.14. 340,288 shares of the stock traded hands, compared to its average volume of 402,280. The stock has a market capitalization of $12.31 billion, a PE ratio of 23.69 and a beta of 1.24. The company’s 50 day moving average is $414.62 and its 200 day moving average is $417.48. Comfort Systems USA has a one year low of $272.93 and a one 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 results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, equities research analysts anticipate that Comfort Systems USA will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a $0.40 dividend. The ex-dividend date is Monday, March 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 0.46%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FIX shares. UBS Group increased their price objective on shares of 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 raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Northcoast Research started coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price for the company. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a research report on Monday, February 24th. Finally, Stifel Nicolaus lowered 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and a consensus price target 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.