Picton Mahoney Asset Management Acquires 228 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Picton Mahoney Asset Management lifted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 23.6% in the fourth quarter, Holdings Channel reports. The fund owned 1,195 shares of the construction company’s stock after purchasing an additional 228 shares during the quarter. Picton Mahoney Asset Management’s holdings in Comfort Systems USA were worth $507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after purchasing an additional 77 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after buying an additional 55 shares during the period. Private Trust Co. NA raised its holdings in Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after buying an additional 31 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in Comfort Systems USA by 1,300.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock worth $48,000 after buying an additional 104 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position 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 valued at $53,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

FIX has been the subject of several analyst reports. Northcoast Research began coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. UBS Group boosted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Stifel Nicolaus dropped their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, 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 report on Monday, February 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $530.75.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $341.92 on Monday. The firm’s 50 day simple moving average is $416.79 and its 200-day simple moving average is $417.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The firm has a market cap of $12.16 billion, a PE ratio of 23.40 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s payout ratio is currently 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.