New Age Alpha Advisors LLC Acquires Shares of 7,722 Comfort Systems USA, Inc. (NYSE:FIX)

New Age Alpha Advisors LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,722 shares of the construction company's stock, valued at approximately $3,275,000.

Several other institutional investors and hedge funds have also modified their holdings of FIX. Vanguard Group Inc. raised its position in shares of 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 purchasing an additional 67,240 shares during the period. State Street Corp raised its holdings in Comfort Systems USA by 0.6% in the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company's stock worth $412,038,000 after acquiring an additional 6,496 shares during the period. Geode Capital Management LLC lifted its position 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 last quarter. Proficio Capital Partners LLC acquired a new position in Comfort Systems USA during the 4th quarter worth $217,771,000. Finally, Norges Bank bought a new stake in Comfort Systems USA during the fourth quarter valued at about $196,154,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

Shares of FIX stock traded down $33.87 during mid-day trading on Thursday, reaching $308.41. The stock had a trading volume of 172,408 shares, compared to its average volume of 424,608. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm's 50 day simple moving average is $382.07 and its 200 day simple moving average is $418.50. The firm has a market cap of $10.96 billion, a PE ratio of 21.11 and a beta of 1.24.

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Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, 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 announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is an increase 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 0.52%. Comfort Systems USA's payout ratio is currently 10.95%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FIX. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Stifel Nicolaus cut their price target on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a report on Monday, February 24th. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. Finally, UBS Group boosted their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.