700 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Acquired by Naviter Wealth LLC

Naviter Wealth LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 700 shares of the construction company’s stock, valued at approximately $297,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in shares of Comfort Systems USA by 19.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 6,200 shares of the construction company’s stock worth $2,420,000 after purchasing an additional 1,015 shares during the last quarter. Hollencrest Capital Management bought a new stake in Comfort Systems USA in the third quarter worth $28,000. Verdence Capital Advisors LLC increased its position in Comfort Systems USA by 7.4% during the third quarter. Verdence Capital Advisors LLC now owns 830 shares of the construction company’s stock worth $324,000 after buying an additional 57 shares during the last quarter. Covestor Ltd raised its holdings in Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock valued at $182,000 after buying an additional 31 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in Comfort Systems USA by 14.8% during the third quarter. Axxcess Wealth Management LLC now owns 2,220 shares of the construction company’s stock valued at $867,000 after buying an additional 287 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. UBS Group increased their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Northcoast Research started coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a report on Monday, February 24th. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA has an average rating of “Buy” and a consensus price target of $530.75.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $324.41 on Monday. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company has a market cap of $11.53 billion, a P/E ratio of 22.20 and a beta of 1.24. The business’s 50 day moving average is $426.97 and its two-hundred day moving average is $417.79. 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 (NYSE:FIX) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. On average, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS 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. Stockholders of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.49%. 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%.

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.