Wealthfront Advisers LLC Purchases New Shares in Comfort Systems USA, Inc. (NYSE:FIX)

Wealthfront Advisers LLC acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,506 shares of the construction company's stock, valued at approximately $1,911,000.

A number of other institutional investors have also made changes to their positions in FIX. Proficio Capital Partners LLC bought a new stake in shares of Comfort Systems USA in the fourth quarter worth $217,771,000. Vaughan Nelson Investment Management L.P. acquired a new position in Comfort Systems USA during the third quarter worth $138,987,000. Jennison Associates LLC increased its holdings in Comfort Systems USA by 6,071.6% during the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company's stock worth $68,924,000 after buying an additional 173,709 shares during the last quarter. Natixis Advisors LLC increased its holdings in Comfort Systems USA by 871.4% during the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company's stock worth $51,797,000 after buying an additional 119,033 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Comfort Systems USA during the fourth quarter worth $39,038,000. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX traded up $19.12 on Wednesday, hitting $358.42. The company had a trading volume of 592,617 shares, compared to its average volume of 405,005. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 24.53 and a beta of 1.24. The stock has a 50 day moving average price of $412.36 and a 200 day moving average price of $417.38. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Remove Ads

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Analysts expect 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 will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.45%. Comfort Systems USA's dividend payout ratio is 10.95%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group boosted 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 assumed coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a "buy" rating and a $525.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a report on Monday, February 24th. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, February 15th. Finally, Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $530.75.

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.