2,667 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Bought by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,667 shares of the construction company's stock, valued at approximately $1,131,000.

A number of other hedge funds have also modified their holdings of FIX. EverSource Wealth Advisors LLC boosted its stake in Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after purchasing an additional 77 shares during the period. Harbor Investment Advisory LLC boosted its holdings in shares of Comfort Systems USA by 183.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock worth $36,000 after purchasing an additional 55 shares during the period. Private Trust Co. NA grew its position in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in Comfort Systems USA by 1,300.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company's stock valued at $48,000 after buying an additional 104 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock worth $53,000 after buying an additional 28 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

FIX has been the topic of a number of research reports. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research note on Monday, February 24th. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus lowered their price target on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA has a consensus rating of "Buy" and a consensus price target of $530.75.

Comfort Systems USA Stock Performance

FIX traded down $0.98 on Monday, hitting $347.79. The company had a trading volume of 80,833 shares, compared to its average volume of 568,668. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 23.80 and a beta of 1.27. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company's fifty day moving average price is $359.67 and its 200 day moving average price is $415.34. Comfort Systems USA, Inc. has a 1-year low of $272.92 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.77 billion. Equities analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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 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 0.46%. Comfort Systems USA's payout ratio is presently 10.95%.

About Comfort Systems USA

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.