Quantbot Technologies LP Invests $3.53 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Quantbot Technologies LP bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,323 shares of the construction company’s stock, valued at approximately $3,529,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kiker Wealth Management LLC bought a new position in Comfort Systems USA during the 4th quarter worth $1,180,000. Holderness Investments Co. bought a new position in Comfort Systems USA during the 4th quarter worth $257,000. Xponance Inc. grew its stake in Comfort Systems USA by 4.4% during the 4th quarter. Xponance Inc. now owns 7,233 shares of the construction company’s stock worth $3,067,000 after buying an additional 308 shares during the last quarter. Intech Investment Management LLC grew its stake in Comfort Systems USA by 51.3% during the 4th quarter. Intech Investment Management LLC now owns 40,453 shares of the construction company’s stock worth $17,154,000 after buying an additional 13,713 shares during the last quarter. Finally, Petra Financial Advisors Inc. bought a new position in Comfort Systems USA during the 4th quarter worth $606,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 1.1 %

Shares of FIX stock opened at $352.82 on Friday. 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, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The stock has a fifty day moving average of $406.93 and a two-hundred day moving average of $416.55. The firm has a market capitalization of $12.54 billion, a PE ratio of 24.15 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last announced 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. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. As a group, research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current 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 positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.45%. Comfort Systems USA’s dividend payout ratio is 10.95%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. 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. UBS Group upped their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Stifel Nicolaus reduced their price target 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. Finally, Northcoast Research assumed coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and an average 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.