Systematic Financial Management LP lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 0.9% in the 1st quarter, HoldingsChannel reports. The fund owned 404,479 shares of the construction company’s stock after buying an additional 3,738 shares during the quarter. Comfort Systems USA comprises approximately 0.7% of Systematic Financial Management LP’s investment portfolio, making the stock its 19th largest position. Systematic Financial Management LP’s holdings in Comfort Systems USA were worth $21,191,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Enlightenment Research LLC bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $31,000. Cutler Group LP grew its position in Comfort Systems USA by 45.0% in the 4th quarter. Cutler Group LP now owns 966 shares of the construction company’s stock worth $42,000 after purchasing an additional 300 shares during the period. Quadrant Capital Group LLC grew its position in Comfort Systems USA by 2,054.9% in the 1st quarter. Quadrant Capital Group LLC now owns 1,099 shares of the construction company’s stock worth $56,000 after purchasing an additional 1,048 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Comfort Systems USA by 23.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,574 shares of the construction company’s stock worth $112,000 after purchasing an additional 488 shares during the period. Finally, Brasada Capital Management LP bought a new stake in Comfort Systems USA in the 4th quarter worth approximately $131,000. 94.86% of the stock is owned by institutional investors.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Tuesday, April 30th. Sidoti downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating and set a $57.00 target price for the company. in a research report on Tuesday, March 12th. Finally, DA Davidson lifted their target price on shares of Comfort Systems USA from $55.00 to $57.00 and gave the stock a “neutral” rating in a research report on Monday, February 25th.
NYSE:FIX traded down $0.19 during trading hours on Friday, reaching $49.61. The company had a trading volume of 176,909 shares, compared to its average volume of 294,510. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 0.14. Comfort Systems USA, Inc. has a 52 week low of $41.14 and a 52 week high of $59.83. The company has a market cap of $1.84 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.49 and a beta of 1.32.
Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 25th. The construction company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). Comfort Systems USA had a return on equity of 23.00% and a net margin of 5.15%. The company had revenue of $538.47 million during the quarter, compared to the consensus estimate of $538.80 million. During the same period last year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Research analysts forecast that Comfort Systems USA, Inc. will post 3.34 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, May 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.10. Comfort Systems USA’s payout ratio is 12.67%.
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About Comfort Systems USA
Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing, piping and controls, off-site construction, electrical, monitoring, and fire protection.
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