Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Ieq Capital LLC

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Consolidated Planning Corp increased its holdings in Comfort Systems USA by 49.0% in the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock valued at $2,028,000 after buying an additional 1,573 shares in the last quarter. Diversified Trust Co purchased a new position in Comfort Systems USA in the fourth quarter valued at $2,998,000. Zacks Investment Management increased its holdings in Comfort Systems USA by 26.2% in the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock valued at $3,376,000 after buying an additional 1,795 shares in the last quarter. Entropy Technologies LP purchased a new position in Comfort Systems USA in the third quarter valued at $1,484,000. Finally, WCM Investment Management LLC increased its holdings in Comfort Systems USA by 16.5% in the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock valued at $38,833,000 after buying an additional 14,090 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Comfort Systems USA Stock Down 5.2 %

FIX stock opened at $362.18 on Friday. The stock has a market capitalization of $12.89 billion, a P/E ratio of 27.71 and a beta of 1.22. The firm has a 50-day simple moving average of $446.90 and a 200-day simple moving average of $414.14. 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, Inc. has a 52 week low of $242.84 and a 52 week high of $553.09.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Equities analysts forecast that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.44%. 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 currently 10.71%.

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.