Counterpoint Mutual Funds LLC Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

Counterpoint Mutual Funds LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,199 shares of the construction company’s stock, valued at approximately $1,357,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in Comfort Systems USA during the fourth quarter worth approximately $217,771,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Comfort Systems USA during the 3rd quarter worth $138,987,000. Jennison Associates LLC boosted its position in Comfort Systems USA by 6,071.6% during the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after purchasing an additional 173,709 shares during the period. Natixis Advisors LLC increased its holdings in Comfort Systems USA by 871.4% in the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock valued at $51,797,000 after purchasing an additional 119,033 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Comfort Systems USA in the fourth quarter valued at about $39,038,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus decreased their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a report on Monday, February 24th. UBS Group increased 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 report on Monday, December 9th. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Finally, Northcoast Research started coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $530.75.

Comfort Systems USA Stock Up 4.5 %

Shares of Comfort Systems USA stock opened at $341.92 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $416.79 and a 200 day moving average price of $417.49. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The firm has a market cap of $12.16 billion, a P/E ratio of 23.40 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $0.40 dividend. 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 dividend yield of 0.47%. The ex-dividend date is Monday, March 10th. 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.