Geode Capital Management LLC Acquires 21,406 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Geode Capital Management LLC grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 2.9% during the 4th quarter, according to the company in its most recent disclosure 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 period. Geode Capital Management LLC owned approximately 2.16% of Comfort Systems USA worth $326,409,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock valued at $53,000 after buying an additional 28 shares in the last quarter. Dakota Wealth Management grew its position in shares of Comfort Systems USA by 3.8% in the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock valued at $334,000 after purchasing an additional 29 shares in the last quarter. Private Trust Co. NA grew its position in shares of Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after purchasing an additional 31 shares in the last quarter. Trust Point Inc. raised its stake in shares of Comfort Systems USA by 1.8% during the 4th quarter. Trust Point Inc. now owns 1,827 shares of the construction company’s stock valued at $775,000 after purchasing an additional 32 shares during the period. Finally, Savant Capital LLC lifted its holdings in Comfort Systems USA by 0.8% during the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company’s stock worth $1,739,000 after purchasing an additional 33 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of recent analyst reports. Sidoti raised 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. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. UBS Group raised their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, Stifel Nicolaus decreased their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $530.75.

Comfort Systems USA Trading Down 4.9 %

Shares of FIX opened at $296.07 on Friday. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The company has a market capitalization of $10.53 billion, a P/E ratio of 20.26 and a beta of 1.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm’s 50 day simple moving average is $372.38 and its 200 day simple moving average is $417.38.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data 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 net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.40 dividend. This is a boost 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 0.54%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s dividend payout ratio 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.