Plato Investment Management Ltd Makes New Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Plato Investment Management Ltd purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 789 shares of the construction company's stock, valued at approximately $336,000.

Several other institutional investors have also made changes to their positions in the stock. Hollencrest Capital Management acquired a new position in Comfort Systems USA in the 3rd quarter valued at $28,000. Harbor Investment Advisory LLC lifted its position 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 period. Private Trust Co. NA grew 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 buying an additional 31 shares in the last quarter. True Wealth Design LLC bought a new position in Comfort Systems USA in the 3rd quarter valued at about $53,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of 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 valued at $53,000 after buying an additional 28 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Monday, December 9th. 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 research report on Monday, February 24th. Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a "buy" rating and a $525.00 target price 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 reduced 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 note on Monday, February 24th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $530.75.

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Comfort Systems USA Trading Down 1.1 %

Shares of NYSE:FIX traded down $3.69 during midday trading on Friday, hitting $324.41. 696,561 shares of the stock were exchanged, compared to its average volume of 406,361. The business's 50-day moving average price is $426.97 and its 200 day moving average price is $416.67. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. 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 market capitalization of $11.53 billion, a price-to-earnings ratio of 22.20 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping analysts' consensus estimates of $3.63 by $0.46. The firm had revenue of $1.87 billion for 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%. Analysts predict 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 of this dividend 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.