Petra Financial Advisors Inc. Invests $606,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Petra Financial Advisors Inc. purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,430 shares of the construction company’s stock, valued at approximately $606,000.

Other large investors also recently modified their holdings of the company. Consolidated Planning Corp increased its position in shares of Comfort Systems USA by 49.0% during the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock valued at $2,028,000 after purchasing an additional 1,573 shares during the period. Diversified Trust Co bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $2,998,000. Zacks Investment Management increased its position in shares of Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock valued at $3,376,000 after purchasing an additional 1,795 shares during the period. Quest Partners LLC bought a new stake in shares of Comfort Systems USA during the third quarter valued at approximately $940,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Comfort Systems USA during the fourth quarter valued at approximately $39,038,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $346.14 on Tuesday. The business’s fifty day moving average price is $414.62 and its two-hundred day moving average price is $417.48. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of 23.69 and a beta of 1.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. As a group, analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Monday, March 10th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio is presently 10.95%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FIX shares. Northcoast Research started coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. 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 report on Monday, December 9th. 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 research report on Monday, February 24th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. Finally, Sidoti upgraded 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $530.75.

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.