Globeflex Capital L P Takes $147,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Globeflex Capital L P bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 347 shares of the construction company’s stock, valued at approximately $147,000.

A number of other institutional investors have also added to or reduced their stakes in FIX. Apollon Wealth Management LLC acquired a new position in Comfort Systems USA during the 3rd quarter worth approximately $655,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Comfort Systems USA during the 3rd quarter worth approximately $765,000. Ashton Thomas Private Wealth LLC acquired a new position in Comfort Systems USA during the 3rd quarter worth approximately $212,000. Victory Capital Management Inc. increased its position in Comfort Systems USA by 54.9% during the 3rd quarter. Victory Capital Management Inc. now owns 66,994 shares of the construction company’s stock worth $26,151,000 after purchasing an additional 23,733 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Comfort Systems USA during the 3rd quarter worth approximately $257,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Trading Up 4.5 %

NYSE:FIX opened at $341.92 on Friday. The firm’s fifty day moving average is $416.79 and its 200-day moving average is $416.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The firm has a market cap of $12.16 billion, a P/E ratio of 23.40 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, March 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s payout ratio is presently 10.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FIX shares. Stifel Nicolaus reduced 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. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a report on Monday, February 24th. 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 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. Finally, Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $530.75.

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.