Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 39.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,598 shares of the construction company's stock after purchasing an additional 6,438 shares during the period. LPL Financial LLC owned about 0.06% of Comfort Systems USA worth $9,583,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. State Street Corp boosted its stake 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 buying an additional 6,496 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Comfort Systems USA by 6.8% in the third 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 purchased a new stake in Comfort Systems USA in the fourth quarter valued at approximately $217,771,000. Vaughan Nelson Investment Management L.P. raised its stake in Comfort Systems USA by 2.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 363,947 shares of the construction company's stock worth $154,335,000 after purchasing an additional 7,890 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Comfort Systems USA by 0.8% in the 3rd quarter. Franklin Resources Inc. now owns 165,579 shares of the construction company's stock valued at $69,402,000 after purchasing an additional 1,236 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

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Comfort Systems USA Stock Up 14.4 %

Shares of FIX stock traded up $45.03 during trading hours on Wednesday, reaching $357.24. The company had a trading volume of 796,295 shares, compared to its average volume of 434,191. The stock's fifty day simple moving average is $363.00 and its 200 day simple moving average is $415.87. The company has a market capitalization of $12.70 billion, a P/E ratio of 24.45 and a beta of 1.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping analysts' consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.45%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA's payout ratio is presently 10.95%.

Analyst Ratings Changes

A number of research firms have recently commented on FIX. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Wednesday. Stifel Nicolaus dropped 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. Finally, Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $530.75.

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.