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

Raymond James Financial Inc. purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Comfort Systems USA by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock worth $1,603,242,000 after buying an additional 67,240 shares during the last quarter. FMR LLC raised its stake in shares of Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after purchasing an additional 148,493 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Comfort Systems USA by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after purchasing an additional 21,406 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Comfort Systems USA in the fourth quarter worth about $217,771,000. Finally, Federated Hermes Inc. increased its holdings in Comfort Systems USA by 12.4% in the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock valued at $198,391,000 after buying an additional 51,771 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Analysts Set New Price Targets

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

Comfort Systems USA Price Performance

NYSE:FIX traded down $1.01 during midday trading on Friday, hitting $348.16. 336,314 shares of the stock were exchanged, compared to its average volume of 436,241. The business has a 50-day moving average price of $349.24 and a two-hundred day moving average price of $413.76. 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 company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 23.83 and a beta of 1.27. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.77 billion. Sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.40 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.46%. Comfort Systems USA's payout ratio is 10.95%.

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.