Raymond James Financial Inc. Makes New Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Raymond James Financial Inc. acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 92,059 shares of the construction company's stock, valued at approximately $39,038,000. Raymond James Financial Inc. owned about 0.26% of Comfort Systems USA at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FIX. Harbor Investment Advisory LLC boosted its position in Comfort Systems USA by 183.3% in 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 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 during the last quarter. True Wealth Design LLC purchased a new position in shares of Comfort Systems USA during the 3rd quarter valued at $53,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Comfort Systems USA by 28.6% during 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 during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Comfort Systems USA by 67.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 152 shares of the construction company's stock valued at $65,000 after buying an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently commented on FIX. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, February 15th. Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a "buy" rating and a $525.00 price target on the stock. Stifel Nicolaus dropped their price target on 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. Finally, UBS Group boosted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $530.75.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX traded up $14.67 during midday trading on Friday, reaching $341.92. 395,350 shares of the company traded hands, compared to its average volume of 403,895. 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 12 month low of $272.93 and a 12 month high of $553.09. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 23.40 and a beta of 1.24. The firm's fifty day moving average price is $416.79 and its two-hundred day moving average price is $416.94.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released 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 company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share 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 $0.40 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA's dividend payout ratio is currently 10.95%.

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.