Geode Capital Management LLC Increases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Geode Capital Management LLC increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 769,534 shares of the construction company’s stock after purchasing an additional 21,406 shares during the quarter. Geode Capital Management LLC’s holdings in Comfort Systems USA were worth $326,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new position in shares of Comfort Systems USA in the fourth quarter worth about $217,771,000. Norges Bank bought a new position in Comfort Systems USA during the 4th quarter worth approximately $196,154,000. JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 250,085 shares during the period. Raymond James Financial Inc. bought a new stake in Comfort Systems USA in the fourth quarter valued at approximately $39,038,000. Finally, Schroder Investment Management Group purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $37,797,000. 96.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on FIX shares. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research note on Monday, February 24th. UBS Group raised their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. 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. Finally, StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Comfort Systems USA presently has an average rating of “Moderate Buy” and an average price target of $530.75.

Comfort Systems USA Stock Down 4.9 %

Shares of NYSE FIX opened at $296.07 on Friday. The firm has a fifty day simple moving average of $372.38 and a two-hundred day simple moving average of $417.38. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $10.53 billion, a PE ratio of 20.26 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last released 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 net margin of 7.43% and a return on equity of 35.28%. Equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, March 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio (DPR) is presently 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.