Advisory Services Network LLC Invests $701,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Advisory Services Network LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,653 shares of the construction company's stock, valued at approximately $701,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIX. EverSource Wealth Advisors LLC increased its position in shares of 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 valued at $34,000 after purchasing an additional 77 shares during the last quarter. Harbor Investment Advisory LLC increased its position in 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 buying an additional 55 shares during the period. Private Trust Co. NA increased its holdings in shares of Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after acquiring an additional 31 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in Comfort Systems USA by 1,300.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company's stock valued at $48,000 after purchasing an additional 104 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Comfort Systems USA by 28.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after acquiring an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX traded down $1.01 during trading on Friday, hitting $348.16. 336,314 shares of the company were exchanged, compared to its average volume of 436,241. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 23.83 and a beta of 1.27. The firm's fifty day moving average price is $349.24 and its 200 day moving average price is $413.89.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.40 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, March 10th. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday. 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 report on Monday, February 24th. Finally, Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a report on Monday, February 24th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Comfort Systems USA 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.