JPMorgan Chase & Co. Has $161.52 Million Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

JPMorgan Chase & Co. increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 191.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 380,896 shares of the construction company’s stock after purchasing an additional 250,085 shares during the quarter. JPMorgan Chase & Co.’s holdings in Comfort Systems USA were worth $161,523,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FIX. Proficio Capital Partners LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter valued at about $217,771,000. Raymond James Financial Inc. bought a new position in Comfort Systems USA during the fourth quarter worth $39,038,000. Vanguard Group Inc. lifted its holdings in Comfort Systems USA by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company’s stock valued at $1,603,242,000 after buying an additional 67,240 shares during the period. River Global Investors LLP bought a new stake in Comfort Systems USA during the fourth quarter valued at $20,945,000. Finally, Geode Capital Management LLC grew its holdings in Comfort Systems USA by 6.8% during the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock worth $292,093,000 after acquiring an additional 47,929 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FIX shares. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. Stifel Nicolaus cut their target price 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. Sidoti raised shares of 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. Finally, UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average price target of $530.75.

Comfort Systems USA Trading Up 2.2 %

NYSE FIX opened at $329.57 on Wednesday. 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 firm has a market capitalization of $11.72 billion, a P/E ratio of 22.56 and a beta of 1.24. The business has a fifty day simple moving average of $386.23 and a 200 day simple moving average of $419.03.

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

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.40 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is 10.95%.

About Comfort Systems USA

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.