Intech Investment Management LLC Boosts Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Intech Investment Management LLC lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 51.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,453 shares of the construction company’s stock after purchasing an additional 13,713 shares during the quarter. Intech Investment Management LLC owned 0.11% of Comfort Systems USA worth $17,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of FIX. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Comfort Systems USA in the third quarter worth $765,000. Victory Capital Management Inc. increased its position in Comfort Systems USA by 54.9% during the third quarter. Victory Capital Management Inc. now owns 66,994 shares of the construction company’s stock valued at $26,151,000 after acquiring an additional 23,733 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Comfort Systems USA during the third quarter valued at $257,000. KBC Group NV increased its position in Comfort Systems USA by 17.6% during the third quarter. KBC Group NV now owns 1,003 shares of the construction company’s stock valued at $392,000 after acquiring an additional 150 shares during the last quarter. Finally, Huntington National Bank increased its position in Comfort Systems USA by 514.3% during the third quarter. Huntington National Bank now owns 172 shares of the construction company’s stock valued at $67,000 after acquiring an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of a number of research reports. Northcoast Research initiated 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. UBS Group upped 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. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. 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. Finally, Stifel Nicolaus reduced their price target 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, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $530.75.

Comfort Systems USA Stock Performance

Shares of FIX opened at $346.14 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The business has a 50-day simple moving average of $414.62 and a two-hundred day simple moving average of $417.48. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 23.69 and a beta of 1.24. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS 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 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, analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS 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. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. 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 0.46%. Comfort Systems USA’s dividend payout ratio is 10.95%.

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.