Plato Investment Management Ltd Invests $336,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Plato Investment Management Ltd bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 789 shares of the construction company’s stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIX. Private Advisor Group LLC lifted its stake in shares of Comfort Systems USA by 11.6% in the 3rd quarter. Private Advisor Group LLC now owns 1,055 shares of the construction company’s stock valued at $412,000 after purchasing an additional 110 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Comfort Systems USA in the third quarter valued at approximately $1,024,000. First Trust Direct Indexing L.P. lifted its position in Comfort Systems USA by 5.8% during the third quarter. First Trust Direct Indexing L.P. now owns 869 shares of the construction company’s stock valued at $339,000 after buying an additional 48 shares in the last quarter. US Bancorp DE grew its stake in Comfort Systems USA by 259.7% during the third quarter. US Bancorp DE now owns 11,335 shares of the construction company’s stock worth $4,425,000 after buying an additional 8,184 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Comfort Systems USA by 161.3% in the third quarter. Farther Finance Advisors LLC now owns 1,126 shares of the construction company’s stock worth $440,000 after acquiring an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Trading Down 1.8 %

NYSE:FIX opened at $339.45 on Wednesday. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The business has a 50 day simple moving average of $433.11 and a 200 day simple moving average of $417.83. The firm has a market capitalization of $12.07 billion, a P/E ratio of 23.23 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results 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. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. Equities research 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 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 dividend on an annualized basis and a dividend yield of 0.47%. 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 payout ratio is 10.95%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FIX shares. Northcoast Research assumed coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Stifel Nicolaus dropped their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. 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 research report on Monday, December 9th. Finally, Sidoti raised 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 report on Monday, February 24th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target 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.