Clearbridge Investments LLC Buys Shares of 55,211 Comfort Systems USA, Inc. (NYSE:FIX)

Clearbridge Investments LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 55,211 shares of the construction company’s stock, valued at approximately $23,413,000.

Several other hedge funds and other institutional investors have also modified their holdings of FIX. Schroder Investment Management Group acquired a new position in Comfort Systems USA in the 4th quarter worth about $37,797,000. Arrowstreet Capital Limited Partnership raised its position in Comfort Systems USA by 27.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 170,227 shares of the construction company’s stock valued at $72,186,000 after acquiring an additional 36,482 shares in the last quarter. Level Four Advisory Services LLC lifted its stake in Comfort Systems USA by 20.4% in the fourth quarter. Level Four Advisory Services LLC now owns 4,513 shares of the construction company’s stock valued at $1,914,000 after acquiring an additional 764 shares during the last quarter. denkapparat Operations GmbH acquired a new stake in Comfort Systems USA in the fourth quarter valued at approximately $210,000. Finally, Pictet Asset Management Holding SA grew its position in Comfort Systems USA by 8.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,909 shares of the construction company’s stock worth $2,082,000 after acquiring an additional 370 shares in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 2.2 %

Shares of NYSE:FIX opened at $329.57 on Wednesday. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $11.72 billion, a P/E ratio of 22.56 and a beta of 1.24. The stock’s 50-day moving average is $386.23 and its 200-day moving average is $419.03.

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 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 the consensus estimate of $1.77 billion. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.40 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s dividend payout ratio is presently 10.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FIX shares. UBS Group lifted their price objective 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 Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a research report on Monday, February 24th. Stifel Nicolaus cut their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate 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.