Inceptionr LLC Purchases Shares of 2,417 Comfort Systems USA, Inc. (NYSE:FIX)

Inceptionr LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,417 shares of the construction company's stock, valued at approximately $1,025,000.

Several other institutional investors have also made changes to their positions in FIX. Hollencrest Capital Management bought a new stake in Comfort Systems USA during the third quarter worth $28,000. Harbor Investment Advisory LLC lifted its stake 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 purchasing an additional 55 shares during the last quarter. Private Trust Co. NA lifted its stake in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after purchasing an additional 31 shares during the last quarter. True Wealth Design LLC bought a new stake in Comfort Systems USA during the third quarter worth $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Comfort Systems USA by 28.6% during the fourth 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 during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FIX. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research note on Monday, February 24th. Stifel Nicolaus cut their target price 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. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, February 15th. UBS Group upped their price target 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. Finally, Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a "buy" rating and a $525.00 price target for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of "Buy" and an average target price of $530.75.

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Comfort Systems USA Price Performance

Shares of NYSE:FIX traded down $3.69 during trading on Friday, hitting $324.41. 696,561 shares of the company were exchanged, compared to its average volume of 406,574. The business's 50 day moving average is $426.97 and its 200-day moving average is $417.79. The company has a market capitalization of $11.53 billion, a P/E ratio of 22.20 and a beta of 1.24. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. 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 posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts' consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.49%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date is Monday, March 10th. Comfort Systems USA's dividend payout ratio is presently 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.