Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 41.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,770 shares of the construction company's stock after purchasing an additional 1,704 shares during the period. Commonwealth Equity Services LLC's holdings in Comfort Systems USA were worth $2,447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Consolidated Planning Corp lifted its holdings in Comfort Systems USA by 49.0% during the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock valued at $2,028,000 after purchasing an additional 1,573 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Comfort Systems USA during the fourth quarter worth about $2,998,000. Zacks Investment Management lifted its position in Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company's stock valued at $3,376,000 after purchasing an additional 1,795 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Comfort Systems USA in the 4th quarter worth approximately $39,038,000. Finally, Commerce Bank purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $511,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FIX shares. StockNews.com cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. UBS Group boosted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Sidoti upgraded 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 research report on Monday, February 24th. Finally, Stifel Nicolaus cut their price target 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $530.75.

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Comfort Systems USA Stock Performance

Shares of FIX traded down $8.49 during mid-day trading on Friday, hitting $323.79. 675,400 shares of the company traded hands, compared to its average volume of 422,563. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 22.16 and a beta of 1.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a 50-day moving average price of $393.86 and a two-hundred day moving average price of $419.28. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.77 billion. Equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Monday, March 10th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's dividend payout ratio (DPR) is 10.95%.

Comfort Systems USA Company 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.