Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 39.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,598 shares of the construction company’s stock after purchasing an additional 6,438 shares during the period. LPL Financial LLC owned about 0.06% of Comfort Systems USA worth $9,583,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIX. Proficio Capital Partners LLC acquired a new position in Comfort Systems USA in the fourth quarter valued at approximately $217,771,000. Raymond James Financial Inc. acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at $39,038,000. River Global Investors LLP acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at $20,945,000. Geode Capital Management LLC grew its position in shares of Comfort Systems USA by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock valued at $292,093,000 after buying an additional 47,929 shares during the last quarter. Finally, Artemis Investment Management LLP raised its stake in Comfort Systems USA by 55.8% during the 4th quarter. Artemis Investment Management LLP now owns 100,353 shares of the construction company’s stock worth $42,556,000 after acquiring an additional 35,955 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of several research reports. UBS Group boosted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus reduced their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and an average price target of $530.75.

Comfort Systems USA Trading Down 4.9 %

NYSE:FIX opened at $296.07 on Friday. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. 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 stock’s 50 day simple moving average is $372.38 and its 200-day simple moving average is $417.38. The firm has a market cap of $10.53 billion, a P/E ratio of 20.26 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (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 company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. 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.