Proficio Capital Partners LLC Acquires Shares of 513,537 Comfort Systems USA, Inc. (NYSE:FIX)

Proficio Capital Partners LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 513,537 shares of the construction company’s stock, valued at approximately $217,771,000. Proficio Capital Partners LLC owned 1.44% of Comfort Systems USA at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hollencrest Capital Management bought a new position in shares of Comfort Systems USA during the 3rd quarter worth $28,000. Harbor Investment Advisory LLC grew its stake in shares of Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after acquiring an additional 55 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Comfort Systems USA by 28.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after acquiring an additional 28 shares during the period. True Wealth Design LLC bought a new position in shares of Comfort Systems USA during the 3rd quarter worth $53,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Comfort Systems USA by 32.5% during the 4th quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company’s stock worth $71,000 after acquiring an additional 41 shares during the period. Institutional investors own 96.51% of the company’s stock.

Analyst Ratings Changes

FIX has been the subject of several research reports. UBS Group increased their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a report on Monday. StockNews.com raised 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 Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday. Finally, Northcoast Research assumed coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $494.60.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $375.01 on Thursday. The business’s 50-day moving average price is $439.93 and its two-hundred day moving average price is $416.50. Comfort Systems USA, Inc. has a twelve month low of $272.92 and a twelve month high of $553.09. The stock has a market cap of $13.35 billion, a P/E ratio of 25.67 and a beta of 1.22. 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 (NYSE:FIX) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.43%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.95%.

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.