Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Vestcor Inc

Vestcor Inc grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 7.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,813 shares of the construction company’s stock after buying an additional 427 shares during the period. Vestcor Inc’s holdings in Comfort Systems USA were worth $2,465,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FIX shares. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research report on Monday, February 24th. Stifel Nicolaus reduced their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a report on Monday, February 24th. UBS Group upped their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Northcoast Research started coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $530.75.

Comfort Systems USA Stock Performance

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

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.77 billion. As a group, research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $0.40 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s dividend payout ratio is currently 10.95%.

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.