Connor Clark & Lunn Investment Management Ltd. Increases Position in Comfort Systems USA, Inc. (FIX)
Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 450.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,900 shares of the construction company’s stock after buying an additional 20,375 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Comfort Systems USA were worth $1,088,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Enlightenment Research LLC purchased a new position in Comfort Systems USA in the 4th quarter worth approximately $31,000. Cutler Group LP increased its stake in Comfort Systems USA by 45.0% in the 4th quarter. Cutler Group LP now owns 966 shares of the construction company’s stock worth $42,000 after purchasing an additional 300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Comfort Systems USA by 23.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,574 shares of the construction company’s stock worth $112,000 after purchasing an additional 488 shares during the period. Brasada Capital Management LP purchased a new position in Comfort Systems USA in the 4th quarter worth approximately $131,000. Finally, Janus Henderson Group PLC purchased a new position in Comfort Systems USA in the 3rd quarter worth approximately $200,000. 91.59% of the stock is currently owned by institutional investors.
FIX has been the topic of a number of analyst reports. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, January 2nd. Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Monday, January 14th. Finally, DA Davidson lifted their price target on Comfort Systems USA from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th.
Shares of FIX stock opened at $52.46 on Friday. The company has a market capitalization of $1.93 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.57 and a beta of 1.35. Comfort Systems USA, Inc. has a fifty-two week low of $39.85 and a fifty-two week high of $59.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.28 and a current ratio of 1.31.
Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 21st. The construction company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.13). The business had revenue of $588.36 million during the quarter, compared to the consensus estimate of $568.77 million. Comfort Systems USA had a return on equity of 23.37% and a net margin of 5.17%. Comfort Systems USA’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. Research analysts forecast that Comfort Systems USA, Inc. will post 3.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Monday, March 11th will be given a $0.095 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.09. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Friday, March 8th. Comfort Systems USA’s dividend payout ratio (DPR) is currently 12.67%.
Comfort Systems USA Profile
Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as industrial process piping.
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