Inceptionr LLC Invests $1.03 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Inceptionr LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,417 shares of the construction company’s stock, valued at approximately $1,025,000.

Other large investors have also recently made changes to their positions in the company. Consolidated Planning Corp grew its stake in shares of Comfort Systems USA by 49.0% in the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock worth $2,028,000 after acquiring an additional 1,573 shares during the period. Diversified Trust Co bought a new stake in shares of Comfort Systems USA in the fourth quarter worth approximately $2,998,000. Entropy Technologies LP bought a new stake in shares of Comfort Systems USA in the third quarter worth approximately $1,484,000. Zacks Investment Management grew its stake in shares of Comfort Systems USA by 26.2% in the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after acquiring an additional 1,795 shares during the period. Finally, WCM Investment Management LLC grew its stake in shares of 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 worth $38,833,000 after acquiring an additional 14,090 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $327.29 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. 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 capitalization of $11.64 billion, a P/E ratio of 22.40 and a beta of 1.22. The firm’s 50 day simple moving average is $429.12 and its two-hundred day simple moving average is $416.73.

Comfort Systems USA (NYSE:FIX) last issued 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 net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company 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 dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.49%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is currently 10.95%.

Analyst Ratings Changes

A number of research firms recently issued reports on FIX. Stifel Nicolaus dropped their price objective 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. 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. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Northcoast Research began 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 on the stock. Finally, Sidoti raised shares of 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, February 24th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $530.75.

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.