Thames Capital Management LLC Makes New Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Thames Capital Management LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, Holdings Channel.com reports. The fund purchased 16,155 shares of the construction company’s stock, valued at approximately $6,851,000. Comfort Systems USA makes up 1.9% of Thames Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds also recently made changes to their positions in FIX. Vanguard Group Inc. increased its stake in Comfort Systems USA by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock valued at $1,603,242,000 after acquiring an additional 67,240 shares during the period. State Street Corp boosted its holdings in Comfort Systems USA by 0.6% during the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after purchasing an additional 6,496 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Comfort Systems USA by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company’s stock valued at $326,409,000 after purchasing an additional 21,406 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Comfort Systems USA in the 4th quarter worth approximately $217,771,000. Finally, Norges Bank bought a new position in shares of Comfort Systems USA during the 4th quarter worth approximately $196,154,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. UBS Group upped their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus dropped their target price on shares of 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, StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Comfort Systems USA has an average rating of “Moderate Buy” and an average target price of $530.75.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $296.07 on Friday. The stock has a 50-day simple moving average of $372.38 and a 200 day simple moving average of $417.80. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 20.26 and a beta of 1.24. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09.

Comfort Systems USA (NYSE:FIX) last announced its earnings results 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. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. On average, research analysts anticipate 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. Shareholders of record on Monday, March 10th were issued a dividend of $0.40 per share. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.54%. Comfort Systems USA’s dividend payout ratio is currently 10.95%.

Comfort Systems USA Company Profile

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.