JPMorgan Chase & Co. Purchases 250,085 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

JPMorgan Chase & Co. grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 191.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 380,896 shares of the construction company’s stock after buying an additional 250,085 shares during the period. JPMorgan Chase & Co. owned approximately 1.07% of Comfort Systems USA worth $161,523,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIX. EverSource Wealth Advisors LLC increased its position in Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after acquiring an additional 77 shares during the period. Harbor Investment Advisory LLC raised its position in shares of Comfort Systems USA by 183.3% in the fourth 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 in the last quarter. Private Trust Co. NA boosted its stake in shares of Comfort Systems USA by 41.3% in the fourth 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 grew its position 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Comfort Systems USA by 28.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after acquiring an additional 28 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 2.2 %

Shares of NYSE FIX opened at $329.57 on Wednesday. The stock has a 50-day moving average price of $386.23 and a two-hundred day moving average price of $419.03. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. 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 company has a market cap of $11.72 billion, a price-to-earnings ratio of 22.56 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. As a group, analysts forecast 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. Shareholders of record on Monday, March 10th were given a $0.40 dividend. The ex-dividend date was Monday, March 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.49%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

Analysts Set New Price Targets

Several research firms have recently issued reports on FIX. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday, February 24th. 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. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $530.75.

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.