Norges Bank Takes $196.15 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Norges Bank bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 462,562 shares of the construction company’s stock, valued at approximately $196,154,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Comfort Systems USA by 191.2% in the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock worth $161,523,000 after acquiring an additional 250,085 shares in the last quarter. Neumeier Poma Investment Counsel LLC increased its holdings in Comfort Systems USA by 36.9% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 73,534 shares of the construction company’s stock worth $31,183,000 after purchasing an additional 19,833 shares in the last quarter. Vanguard Group Inc. increased its holdings in Comfort Systems USA by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock worth $1,603,242,000 after purchasing an additional 67,240 shares in the last quarter. LPL Financial LLC lifted its stake in Comfort Systems USA by 39.8% in the fourth quarter. LPL Financial LLC now owns 22,598 shares of the construction company’s stock valued at $9,583,000 after buying an additional 6,438 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $3,435,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. 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. 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 research report on Monday, February 24th. Finally, StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and an average target price of $530.75.

Comfort Systems USA Stock Performance

FIX opened at $323.79 on Monday. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The company has a market cap of $11.51 billion, a price-to-earnings ratio of 22.16 and a beta of 1.24. The company’s fifty day moving average price is $393.86 and its two-hundred day moving average price is $419.28. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

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, topping analysts’ consensus estimates of $3.63 by $0.46. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. On average, analysts expect 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 was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio (DPR) is currently 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.