Johnson Financial Group Inc. Acquires 59 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Johnson Financial Group Inc. raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 131.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 104 shares of the construction company’s stock after purchasing an additional 59 shares during the period. Johnson Financial Group Inc.’s holdings in Comfort Systems USA were worth $45,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIX. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Comfort Systems USA by 28.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after buying an additional 28 shares in the last quarter. Dakota Wealth Management boosted its holdings in Comfort Systems USA by 3.8% during the 4th quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock worth $334,000 after acquiring an additional 29 shares during the last quarter. Private Trust Co. NA grew its stake in shares of Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after acquiring an additional 31 shares in the last quarter. Trust Point Inc. raised its holdings in shares of 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 purchasing an additional 32 shares during the last quarter. Finally, Savant Capital LLC raised its holdings in shares of Comfort Systems USA by 0.8% in the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company’s stock valued at $1,739,000 after purchasing an additional 33 shares during the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Trading Up 0.7 %

Shares of FIX stock opened at $397.34 on Wednesday. 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 firm has a market cap of $14.04 billion, a P/E ratio of 27.20 and a beta of 1.27. The company has a 50 day moving average of $346.15 and a 200-day moving average of $412.01. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period last year, the business posted $2.69 earnings per share. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Friday, May 16th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.80%.

Analyst Ratings Changes

FIX has been the topic of several analyst reports. DA Davidson upped their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a research report on Monday. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research note on Monday, February 24th. Stifel Nicolaus decreased 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. Finally, StockNews.com lowered Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $517.60.

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.