Farringdon Capital Ltd. Purchases New Position in Comfort Systems USA, Inc. (NYSE:FIX)

Farringdon Capital Ltd. acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 481 shares of the construction company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Proficio Capital Partners LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at $217,771,000. Norges Bank bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at about $196,154,000. JPMorgan Chase & Co. lifted its holdings in shares of Comfort Systems USA by 191.2% in the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock worth $161,523,000 after buying an additional 250,085 shares in the last quarter. FMR LLC boosted its position in shares of Comfort Systems USA by 9.6% in the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company’s stock valued at $719,645,000 after acquiring an additional 148,493 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Comfort Systems USA during the fourth quarter valued at approximately $39,038,000. Institutional investors own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Sidoti raised shares of 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. StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Stifel Nicolaus dropped 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $530.75.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock opened at $348.16 on Friday. The firm has a market capitalization of $12.30 billion, a PE ratio of 23.83 and a beta of 1.27. The company has a current ratio of 1.04, a quick ratio of 1.02 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. The business’s 50-day moving average price is $349.24 and its 200-day moving average price is $413.76.

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, topping the consensus estimate 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 firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared 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 represents a $1.60 annualized dividend and a yield of 0.46%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s dividend payout ratio is presently 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.