KLP Kapitalforvaltning AS Invests $3.44 Million in Comfort Systems USA, Inc. (NYSE:FIX)

KLP Kapitalforvaltning AS purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,100 shares of the construction company’s stock, valued at approximately $3,435,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Consolidated Planning Corp lifted its stake in Comfort Systems USA by 49.0% during the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock valued at $2,028,000 after buying an additional 1,573 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $2,998,000. Zacks Investment Management lifted its position in shares of Comfort Systems USA by 26.2% in the 3rd quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock valued at $3,376,000 after acquiring an additional 1,795 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Comfort Systems USA in the 4th quarter worth approximately $39,038,000. Finally, Commerce Bank acquired a new position in Comfort Systems USA during the third quarter valued at $511,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 7.3 %

Shares of NYSE:FIX opened at $345.94 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market capitalization of $12.30 billion, a PE ratio of 23.68 and a beta of 1.24. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company’s fifty day moving average is $400.94 and its 200-day moving average is $418.48.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS 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 analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal 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 paid a $0.40 dividend. This is a positive change 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 0.46%. Comfort Systems USA’s dividend payout ratio is presently 10.95%.

Analysts Set New Price Targets

FIX has been the topic of a number of analyst reports. UBS Group increased their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. 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 report on Monday, February 24th. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Stifel Nicolaus dropped their price target 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $530.75.

Comfort Systems USA 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.