Comerica Bank Has $60 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Comerica Bank increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 141,482 shares of the construction company’s stock after acquiring an additional 4,108 shares during the period. Comerica Bank’s holdings in Comfort Systems USA were worth $59,997,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Gallo Partners LP bought a new position in shares of Comfort Systems USA in the 4th quarter valued at $1,312,000. Schonfeld Strategic Advisors LLC raised its position in Comfort Systems USA by 419.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 25,390 shares of the construction company’s stock valued at $10,767,000 after purchasing an additional 20,498 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Comfort Systems USA by 25.2% during the fourth quarter. AQR Capital Management LLC now owns 256,975 shares of the construction company’s stock worth $108,973,000 after purchasing an additional 51,702 shares during the last quarter. Northern Trust Corp raised its holdings in Comfort Systems USA by 20.1% in the 4th quarter. Northern Trust Corp now owns 314,821 shares of the construction company’s stock valued at $133,503,000 after buying an additional 52,726 shares during the last quarter. Finally, Quarry LP grew its holdings in Comfort Systems USA by 87.1% during the 4th quarter. Quarry LP now owns 376 shares of the construction company’s stock worth $159,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FIX shares. DA Davidson increased their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a report on Monday. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. Finally, Stifel Nicolaus reduced their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $517.60.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $397.34 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average price is $346.15 and its 200-day moving average price is $412.01. The firm has a market capitalization of $14.04 billion, a P/E ratio of 27.20 and a beta of 1.27. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the firm posted $2.69 earnings per share. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. Equities 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.45%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, May 16th. Comfort Systems USA’s dividend payout ratio (DPR) is 10.80%.

About Comfort Systems USA

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.