Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,909 shares of the construction company’s stock after buying an additional 370 shares during the period. Pictet Asset Management Holding SA’s holdings in Comfort Systems USA were worth $2,082,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. New Age Alpha Advisors LLC acquired a new position in Comfort Systems USA during the 4th quarter valued at about $3,275,000. Norges Bank acquired a new position in shares of Comfort Systems USA during the fourth quarter valued at about $196,154,000. JPMorgan Chase & Co. increased its holdings in shares of Comfort Systems USA by 191.2% during the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock valued at $161,523,000 after acquiring an additional 250,085 shares in the last quarter. Neumeier Poma Investment Counsel LLC boosted its stake in Comfort Systems USA by 36.9% in the 4th 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. Finally, Vanguard Group Inc. grew its position in Comfort Systems USA by 1.8% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of FIX opened at $296.07 on Friday. The business’s 50-day moving average is $372.38 and its two-hundred day moving average is $417.38. The company has a market capitalization of $10.53 billion, a P/E ratio of 20.26 and a beta of 1.24. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two 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.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.77 billion. 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 company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 0.54%. Comfort Systems USA’s dividend payout ratio is 10.95%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of research analyst reports. 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. 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 note on Monday, February 24th. Stifel Nicolaus dropped their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.