Navellier & Associates Inc. Purchases 9,637 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Navellier & Associates Inc. grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 79.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,788 shares of the construction company’s stock after acquiring an additional 9,637 shares during the quarter. Comfort Systems USA comprises about 1.1% of Navellier & Associates Inc.’s portfolio, making the stock its 17th largest position. Navellier & Associates Inc.’s holdings in Comfort Systems USA were worth $9,239,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its position in Comfort Systems USA by 28.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after purchasing an additional 28 shares during the period. Dakota Wealth Management raised its holdings in shares of Comfort Systems USA by 3.8% in the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock worth $334,000 after buying an additional 29 shares during the period. Covestor Ltd lifted its stake in shares of Comfort Systems USA by 7.1% during the 3rd quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after acquiring an additional 31 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Comfort Systems USA by 9.3% during the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock worth $147,000 after acquiring an additional 32 shares during the last quarter. Finally, Trust Point Inc. boosted its holdings in Comfort Systems USA by 1.8% during the 4th quarter. Trust Point Inc. now owns 1,827 shares of the construction company’s stock valued at $775,000 after acquiring an additional 32 shares during the period. Institutional investors own 96.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FIX shares. UBS Group increased their target price 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. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company. Finally, Stifel Nicolaus upped their target price on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $506.75.

Comfort Systems USA Price Performance

FIX opened at $362.18 on Friday. The company has a market capitalization of $12.89 billion, a price-to-earnings ratio of 27.71 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 12-month low of $242.84 and a 12-month high of $553.09. The business’s fifty day simple moving average is $446.90 and its 200-day simple moving average is $414.14.

Comfort Systems USA (NYSE:FIX) last issued its earnings results 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 net margin of 7.18% and a return on equity of 32.74%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.44%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.71%.

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.