Ieq Capital LLC Raises Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Ieq Capital LLC boosted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 640.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,362 shares of the construction company’s stock after buying an additional 12,422 shares during the quarter. Ieq Capital LLC’s holdings in Comfort Systems USA were worth $6,090,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FIX. Raymond James & Associates grew its holdings in Comfort Systems USA by 17.3% in the third quarter. Raymond James & Associates now owns 55,290 shares of the construction company’s stock worth $21,583,000 after purchasing an additional 8,150 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Comfort Systems USA by 5.4% in the third quarter. Sequoia Financial Advisors LLC now owns 1,504 shares of the construction company’s stock worth $587,000 after purchasing an additional 77 shares during the last quarter. Signaturefd LLC grew its holdings in Comfort Systems USA by 9.3% in the third quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after purchasing an additional 32 shares during the last quarter. Private Advisor Group LLC grew its holdings in Comfort Systems USA by 11.6% in the third quarter. Private Advisor Group LLC now owns 1,055 shares of the construction company’s stock worth $412,000 after purchasing an additional 110 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Comfort Systems USA by 215.9% in the third quarter. Assenagon Asset Management S.A. now owns 16,407 shares of the construction company’s stock worth $6,404,000 after purchasing an additional 11,213 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FIX. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a report on Friday, January 24th. UBS Group lifted their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, Northcoast Research started coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA currently has a consensus rating of “Buy” and an average target price of $506.75.

Comfort Systems USA Trading Down 5.2 %

NYSE:FIX opened at $362.18 on Friday. Comfort Systems USA, Inc. has a 12 month low of $242.84 and a 12 month high of $553.09. The firm has a fifty day simple moving average of $446.90 and a 200-day simple moving average of $414.14. 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 company has a market capitalization of $12.89 billion, a P/E ratio of 27.71 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 7.18% and a return on equity of 32.74%. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 0.44%. Comfort Systems USA’s payout ratio is currently 10.71%.

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.