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

Comfort Systems USA, Inc. (NYSE:FIX) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,030,000 shares, a growth of 38.9% from the February 13th total of 741,400 shares. Based on an average daily trading volume, of 497,500 shares, the short-interest ratio is currently 2.1 days. Approximately 2.9% of the company’s stock are short sold.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $346.14 on Tuesday. Comfort Systems USA 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 stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of 23.69 and a beta of 1.24. The firm has a fifty day moving average of $414.62 and a two-hundred day moving average of $417.48.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.46. The company had revenue of $1.87 billion during 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%. As a group, equities research analysts predict that Comfort Systems USA will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

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

Institutional Investors Weigh In On Comfort Systems USA

Several institutional investors have recently added to or reduced their stakes in FIX. Apollon Wealth Management LLC bought a new position in shares of Comfort Systems USA during the third quarter worth about $655,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Comfort Systems USA during the third quarter worth $765,000. Ashton Thomas Private Wealth LLC bought a new stake in Comfort Systems USA during the 3rd quarter worth about $212,000. Victory Capital Management Inc. raised its stake in shares of Comfort Systems USA by 54.9% during the 3rd quarter. Victory Capital Management Inc. now owns 66,994 shares of the construction company’s stock worth $26,151,000 after purchasing an additional 23,733 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Comfort Systems USA in the third quarter valued at $257,000. 96.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a research note on Monday, February 24th. Northcoast Research assumed coverage on Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. 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. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Finally, UBS Group raised their target price 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. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average 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.