Pinebridge Investments L.P. Increases Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Pinebridge Investments L.P. increased its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 110.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,789 shares of the construction company's stock after purchasing an additional 8,274 shares during the quarter. Pinebridge Investments L.P.'s holdings in Comfort Systems USA were worth $6,695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FIX. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock worth $53,000 after purchasing an additional 28 shares in the last quarter. Dakota Wealth Management lifted its position in Comfort Systems USA by 3.8% during the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company's stock valued at $334,000 after purchasing an additional 29 shares in the last quarter. Private Trust Co. NA grew its holdings in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares during the period. Trust Point Inc. increased its position in Comfort Systems USA by 1.8% in the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock worth $775,000 after buying an additional 32 shares in the last quarter. Finally, Savant Capital LLC raised its stake 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 worth $1,739,000 after buying an additional 33 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Shares of FIX stock traded down $5.81 during mid-day trading on Wednesday, hitting $391.73. The company had a trading volume of 105,668 shares, compared to its average volume of 438,954. The company has a market capitalization of $13.84 billion, a P/E ratio of 26.81 and a beta of 1.27. The stock's 50 day moving average price is $346.15 and its 200-day moving average price is $412.01. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm earned $2.69 EPS. The business's revenue was up 19.1% on a year-over-year basis. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company 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 is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.46%. Comfort Systems USA's payout ratio is presently 10.80%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FIX shares. Stifel Nicolaus cut their price objective on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company 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 note on Thursday, April 17th. DA Davidson lifted their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday. Finally, Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.