Intech Investment Management LLC Purchases 13,713 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Intech Investment Management LLC boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 51.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,453 shares of the construction company’s stock after buying an additional 13,713 shares during the period. Intech Investment Management LLC’s holdings in Comfort Systems USA were worth $17,154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIX. EverSource Wealth Advisors LLC boosted its stake in Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after buying an additional 77 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in Comfort Systems USA by 183.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after buying an additional 55 shares during the last quarter. Private Trust Co. NA boosted its stake in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after buying an additional 31 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Comfort Systems USA by 1,300.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock valued at $48,000 after buying an additional 104 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in Comfort Systems USA during the third quarter valued at approximately $53,000. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Price Performance

Shares of FIX stock opened at $346.14 on Tuesday. 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 firm has a market capitalization of $12.31 billion, a P/E ratio of 23.69 and a beta of 1.24. The stock has a 50 day moving average price of $414.62 and a 200 day moving average price of $417.48.

Comfort Systems USA (NYSE:FIX) last issued 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. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a dividend of $0.40 per share. This is a positive change 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 0.46%. The ex-dividend date is Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FIX. Stifel Nicolaus decreased their price objective 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. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a report on Monday, February 24th. UBS Group lifted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Northcoast Research initiated coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Buy” and a consensus 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.