PFG Advisors Purchases New Shares in Comfort Systems USA, Inc. (NYSE:FIX)

PFG Advisors purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 623 shares of the construction company’s stock, valued at approximately $264,000.

A number of other large investors have also added to or reduced their stakes in FIX. Proficio Capital Partners LLC acquired a new stake in Comfort Systems USA during the 4th quarter valued at $217,771,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Comfort Systems USA during the 3rd quarter valued at $138,987,000. Jennison Associates LLC grew its holdings in Comfort Systems USA by 6,071.6% during the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after purchasing an additional 173,709 shares in the last quarter. Natixis Advisors LLC grew its holdings in Comfort Systems USA by 871.4% during the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after acquiring an additional 119,033 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Comfort Systems USA during the 4th quarter worth $39,038,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FIX shares. Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company. Stifel Nicolaus decreased their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a report on Monday, February 24th. 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. UBS Group raised their price objective 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. Finally, StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $530.75.

Comfort Systems USA Trading Up 4.5 %

Comfort Systems USA stock opened at $341.92 on Friday. The firm’s 50-day moving average is $416.79 and its 200-day moving average is $416.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The company has a market cap of $12.16 billion, a P/E ratio of 23.40 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last posted its quarterly 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 company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. On average, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given 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 yield of 0.47%. Comfort Systems USA’s dividend payout ratio (DPR) 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.