Daiwa Securities Group Inc. Buys 730 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Daiwa Securities Group Inc. boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 22.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,030 shares of the construction company’s stock after acquiring an additional 730 shares during the period. Daiwa Securities Group Inc.’s holdings in Comfort Systems USA were worth $1,709,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $217,771,000. Vaughan Nelson Investment Management L.P. bought a new position in Comfort Systems USA during the third quarter valued at $138,987,000. Jennison Associates LLC increased its position in Comfort Systems USA by 6,071.6% in the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after buying an additional 173,709 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Comfort Systems USA by 871.4% in the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock valued at $51,797,000 after buying an additional 119,033 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Comfort Systems USA during the 4th quarter valued at $39,038,000. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Northcoast Research initiated coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective on the stock. StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. 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. Stifel Nicolaus lowered their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, Sidoti raised 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 analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $530.75.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $341.92 on Friday. The company has a 50 day moving average of $416.79 and a 200 day moving average of $416.37. 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 stock has a market cap of $12.16 billion, a P/E ratio of 23.40 and a beta of 1.24. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. The firm 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%. As a group, sell-side analysts forecast 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. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.47%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s payout ratio is presently 10.95%.

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.