Kestra Investment Management LLC Buys 763 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Kestra Investment Management LLC grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 28.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,480 shares of the construction company's stock after buying an additional 763 shares during the period. Kestra Investment Management LLC's holdings in Comfort Systems USA were worth $1,476,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FIX. Hollencrest Capital Management purchased a new position in Comfort Systems USA in the 3rd quarter worth approximately $28,000. Harbor Investment Advisory LLC lifted its holdings in Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock worth $36,000 after purchasing an additional 55 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in Comfort Systems USA by 59.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company's stock worth $49,000 after purchasing an additional 47 shares in the last quarter. True Wealth Design LLC purchased a new position in Comfort Systems USA in the 3rd quarter worth approximately $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 purchasing an additional 28 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FIX has been the topic of a number of research analyst reports. UBS Group boosted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Northcoast Research assumed coverage on Comfort Systems USA in a report on Friday, November 22nd. They issued a "buy" rating and a $525.00 price target on the stock. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, February 15th. Finally, Stifel Nicolaus lifted their price objective on Comfort Systems USA from $524.00 to $577.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $506.75.

Comfort Systems USA Price Performance

NYSE:FIX traded down $19.95 during trading hours on Friday, reaching $362.18. The stock had a trading volume of 1,088,247 shares, compared to its average volume of 524,969. 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 52 week low of $242.84 and a 52 week high of $553.09. The company has a 50 day moving average price of $446.90 and a two-hundred day moving average price of $414.14. The stock has a market capitalization of $12.89 billion, a PE ratio of 27.71 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (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 the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.44%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's payout ratio is currently 10.71%.

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.