1,849 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Purchased by Quantessence Capital LLC

Quantessence Capital LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,849 shares of the construction company's stock, valued at approximately $784,000.

Other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at approximately $217,771,000. Norges Bank bought a new position in Comfort Systems USA in the 4th quarter worth approximately $196,154,000. JPMorgan Chase & Co. grew its holdings in Comfort Systems USA by 191.2% in the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after buying an additional 250,085 shares in the last quarter. FMR LLC increased its position in Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after acquiring an additional 148,493 shares during the period. Finally, First Trust Advisors LP raised its stake in Comfort Systems USA by 29.5% during the 4th quarter. First Trust Advisors LP now owns 463,790 shares of the construction company's stock valued at $196,675,000 after acquiring an additional 105,756 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FIX. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a report on Monday, February 24th. Stifel Nicolaus lowered 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. Finally, StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Comfort Systems USA has an average rating of "Moderate Buy" and an average price target of $530.75.

Comfort Systems USA Price Performance

FIX stock traded up $21.25 during trading hours on Friday, hitting $397.46. 1,315,692 shares of the stock traded hands, compared to its average volume of 440,764. The stock has a 50-day simple moving average of $345.86 and a 200 day simple moving average of $412.22. The company has a market cap of $14.04 billion, a P/E ratio of 27.20 and a beta of 1.27. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year 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.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share 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 company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be given a $0.45 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 0.45%. Comfort Systems USA's payout ratio is 10.95%.

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.