River Global Investors LLP Purchases New Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

River Global Investors LLP acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 49,370 shares of the construction company’s stock, valued at approximately $20,945,000. Comfort Systems USA accounts for approximately 4.1% of River Global Investors LLP’s investment portfolio, making the stock its 5th biggest position. River Global Investors LLP owned 0.14% of Comfort Systems USA as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FIX. Edgestream Partners L.P. increased its stake in Comfort Systems USA by 266.6% in the fourth quarter. Edgestream Partners L.P. now owns 11,914 shares of the construction company’s stock worth $5,052,000 after purchasing an additional 8,664 shares during the period. Callan Family Office LLC bought a new stake in Comfort Systems USA during the 4th quarter valued at about $316,000. Lisanti Capital Growth LLC boosted its position in Comfort Systems USA by 36.3% in the 4th quarter. Lisanti Capital Growth LLC now owns 19,625 shares of the construction company’s stock valued at $8,322,000 after buying an additional 5,225 shares during the period. Beacon Harbor Wealth Advisors Inc. grew its stake in Comfort Systems USA by 0.6% in the 4th quarter. Beacon Harbor Wealth Advisors Inc. now owns 17,318 shares of the construction company’s stock worth $7,344,000 after acquiring an additional 96 shares in the last quarter. Finally, Inceptionr LLC bought a new position in Comfort Systems USA in the 4th quarter worth about $1,025,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 1.1 %

Comfort Systems USA stock opened at $324.41 on Friday. 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 firm has a market cap of $11.53 billion, a P/E ratio of 22.20 and a beta of 1.24. The business has a fifty day moving average of $426.97 and a two-hundred day moving average of $416.67. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, 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 will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is presently 10.95%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FIX. Northcoast Research began 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 for the company. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. UBS Group increased their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Stifel Nicolaus cut their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Finally, Sidoti raised shares of 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. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company 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.