Comfort Systems USA, Inc. (NYSE:FIX) Sees Significant Decline in Short Interest

Comfort Systems USA, Inc. (NYSE:FIX) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 726,700 shares, a drop of 29.4% from the February 28th total of 1,030,000 shares. Based on an average daily trading volume, of 524,900 shares, the short-interest ratio is presently 1.4 days. Approximately 2.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. 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 note on Monday, February 24th. 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 note on Monday, December 9th. Finally, Stifel Nicolaus reduced their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to 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 traded up $7.24 during trading on Tuesday, hitting $329.57. The company had a trading volume of 509,036 shares, compared to its average volume of 425,028. The company’s fifty day moving average is $390.21 and its 200-day moving average is $419.16. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 22.56 and a beta of 1.24. 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 has a one year low of $272.93 and a one year high of $553.09.

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, 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 during the quarter, compared to analyst estimates of $1.77 billion. On average, sell-side analysts predict that Comfort Systems USA will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.49%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s dividend payout ratio is presently 10.95%.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIX. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Comfort Systems USA by 31.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company’s stock valued at $57,000 after purchasing an additional 42 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Comfort Systems USA by 42.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,731 shares of the construction company’s stock valued at $1,582,000 after purchasing an additional 1,107 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Comfort Systems USA in the fourth quarter worth $20,544,000. Jefferies Financial Group Inc. lifted its holdings in shares of Comfort Systems USA by 11.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 1,602 shares of the construction company’s stock valued at $679,000 after purchasing an additional 169 shares in the last quarter. Finally, Armis Advisers LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at $381,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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.