Petra Financial Advisors Inc. Invests $606,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Petra Financial Advisors Inc. bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,430 shares of the construction company's stock, valued at approximately $606,000.

Several other hedge funds have also recently added to or reduced their stakes in FIX. Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 in the last quarter. Dakota Wealth Management increased its position in shares of Comfort Systems USA by 3.8% during the 4th quarter. Dakota Wealth Management now owns 788 shares of the construction company's stock valued at $334,000 after purchasing an additional 29 shares during the period. Private Trust Co. NA raised its stake in shares of Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after buying an additional 31 shares in the last quarter. Trust Point Inc. lifted its holdings in shares of Comfort Systems USA by 1.8% in the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock valued at $775,000 after buying an additional 32 shares during the period. Finally, Savant Capital LLC boosted its stake in 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 in the last quarter. Institutional investors own 96.51% of the company's stock.

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Comfort Systems USA Trading Down 1.1 %

Shares of FIX stock traded down $3.97 during trading hours on Friday, reaching $352.82. 714,134 shares of the stock traded hands, compared to its average volume of 406,734. The business has a fifty day moving average price of $408.67 and a 200 day moving average price of $416.55. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $12.54 billion, a PE ratio of 24.15 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results 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. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, March 10th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's payout ratio is 10.95%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on FIX shares. Stifel Nicolaus dropped 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 research report on Monday, February 24th. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a report on Monday, February 24th. UBS Group raised their target price 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. Northcoast Research initiated 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. Finally, StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, February 15th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average 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.