Alpha DNA Investment Management LLC Acquires New Position in Comfort Systems USA, Inc. (NYSE:FIX)

Alpha DNA Investment Management LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,756 shares of the construction company's stock, valued at approximately $745,000.

A number of other large investors have also recently bought and sold shares of FIX. CANADA LIFE ASSURANCE Co boosted its position in shares of Comfort Systems USA by 2.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 29,551 shares of the construction company's stock worth $12,530,000 after purchasing an additional 783 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Comfort Systems USA by 28.9% in the fourth quarter. Canada Pension Plan Investment Board now owns 20,500 shares of the construction company's stock valued at $8,693,000 after acquiring an additional 4,600 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth about $69,000. Farringdon Capital Ltd. acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at approximately $204,000. Finally, NewEdge Advisors LLC increased its stake in Comfort Systems USA by 9.2% in the 4th quarter. NewEdge Advisors LLC now owns 2,419 shares of the construction company's stock valued at $1,025,000 after buying an additional 203 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

FIX has been the topic of a number of recent analyst reports. StockNews.com downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday. Stifel Nicolaus reduced their price objective on 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, Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $530.75.

Comfort Systems USA Trading Down 0.3 %

FIX stock traded down $1.01 during trading on Friday, reaching $348.16. The company had a trading volume of 336,314 shares, compared to its average volume of 436,241. The company has a market cap of $12.30 billion, a P/E ratio of 23.83 and a beta of 1.27. The business has a 50 day moving average of $349.24 and a 200 day moving average of $413.76. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. 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 (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 analysts' consensus estimates of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. As a group, sell-side analysts forecast 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. Shareholders 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. The ex-dividend date was Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a 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.