CenterBook Partners LP Takes $2.12 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

CenterBook Partners LP acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,009 shares of the construction company’s stock, valued at approximately $2,124,000.

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

Comfort Systems USA Trading Up 14.4 %

NYSE FIX opened at $357.24 on Thursday. 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 stock has a market capitalization of $12.70 billion, a P/E ratio of 24.45 and a beta of 1.27. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The firm has a 50-day moving average price of $363.00 and a 200 day moving average price of $415.87.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given 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 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s payout ratio is presently 10.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FIX shares. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus dropped their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a report on Monday, February 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and a consensus price target of $530.75.

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.