Kane Investment Management Inc. Invests $805,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Kane Investment Management Inc. bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,896 shares of the construction company's stock, valued at approximately $805,000.

Several other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Comfort Systems USA by 28.6% in 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. Dakota Wealth Management grew its position in Comfort Systems USA by 3.8% during the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company's stock worth $334,000 after buying an additional 29 shares in the last quarter. Private Trust Co. NA raised its position in shares of Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after buying an additional 31 shares in the last quarter. Trust Point Inc. boosted its stake in Comfort Systems USA by 1.8% in the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock worth $775,000 after buying an additional 32 shares in the last quarter. Finally, Savant Capital LLC grew its stake in shares of Comfort Systems USA by 0.8% during the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock valued at $1,739,000 after buying an additional 33 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

NYSE:FIX traded down $1.01 during trading hours on Friday, reaching $348.16. The company had a trading volume of 336,314 shares, compared to its average volume of 436,141. The firm has a market cap of $12.30 billion, a price-to-earnings ratio of 23.83 and a beta of 1.27. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm's 50 day moving average price is $349.24 and its 200-day moving average price is $413.65.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) 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 analyst estimates of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. On average, analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.40 dividend. The ex-dividend date was Monday, March 10th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.46%. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIX. StockNews.com downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a report on Monday, February 24th. Finally, Stifel Nicolaus decreased their target price on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a report on Monday, February 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Comfort Systems USA has an average rating of "Moderate Buy" and a consensus price target of $530.75.

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.