Federated Hermes Inc. Has $198.39 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Federated Hermes Inc. increased its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 12.4% during the fourth quarter, HoldingsChannel reports. The fund owned 467,838 shares of the construction company’s stock after acquiring an additional 51,771 shares during the quarter. Federated Hermes Inc.’s holdings in Comfort Systems USA were worth $198,391,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FIX. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Comfort Systems USA by 28.6% in the fourth 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 during the last quarter. Dakota Wealth Management boosted its holdings in Comfort Systems USA by 3.8% during the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock worth $334,000 after purchasing an additional 29 shares during the last quarter. Private Trust Co. NA grew its position in Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after purchasing an additional 31 shares in the last quarter. Trust Point Inc. increased its stake in Comfort Systems USA by 1.8% in the 4th quarter. Trust Point Inc. now owns 1,827 shares of the construction company’s stock valued at $775,000 after buying an additional 32 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in shares of Comfort Systems USA by 0.8% in the 4th 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 last quarter. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 4.9 %

Shares of FIX opened at $296.07 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The business has a 50-day moving average of $372.38 and a 200 day moving average of $417.80. The firm has a market cap of $10.53 billion, a P/E ratio of 20.26 and a beta of 1.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.46. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates 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, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.40 dividend. 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 dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.95%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FIX. UBS Group lifted 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. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research report on Monday, February 24th. Finally, Stifel Nicolaus reduced their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $530.75.

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.