denkapparat Operations GmbH Invests $210,000 in Comfort Systems USA, Inc. (NYSE:FIX)

denkapparat Operations GmbH acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, Holdings Channel reports. The firm acquired 496 shares of the construction company’s stock, valued at approximately $210,000.

Several other large investors have also bought and sold shares of FIX. Pictet Asset Management Holding SA grew its position in shares of Comfort Systems USA by 8.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,909 shares of the construction company’s stock valued at $2,082,000 after buying an additional 370 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Comfort Systems USA in the fourth quarter valued at approximately $3,275,000. Norges Bank acquired a new stake in Comfort Systems USA during the 4th quarter valued at approximately $196,154,000. JPMorgan Chase & Co. raised its holdings in Comfort Systems USA by 191.2% during the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock worth $161,523,000 after purchasing an additional 250,085 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC lifted its position in shares of Comfort Systems USA by 36.9% in the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 73,534 shares of the construction company’s stock worth $31,183,000 after purchasing an additional 19,833 shares during the period. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Sidoti upgraded 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 research report on Monday, February 24th. UBS Group increased their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus dropped their price objective on 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. Finally, StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $530.75.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $323.79 on Friday. The firm has a market capitalization of $11.51 billion, a P/E ratio of 22.16 and a beta of 1.24. The firm’s 50-day moving average price is $393.86 and its 200-day moving average price is $417.98. 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 1-year low of $272.93 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share 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. 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 company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.40 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

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.