NewEdge Advisors LLC Boosts Stake in Comfort Systems USA, Inc. (NYSE:FIX)

NewEdge Advisors LLC boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,419 shares of the construction company’s stock after acquiring an additional 203 shares during the quarter. NewEdge Advisors LLC’s holdings in Comfort Systems USA were worth $1,025,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FIX. EverSource Wealth Advisors LLC boosted its holdings in Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after buying an additional 77 shares in the last quarter. Harbor Investment Advisory LLC boosted 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 in the last quarter. Private Trust Co. NA grew its holdings in shares of Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after acquiring an additional 31 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake in Comfort Systems USA by 1,300.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock valued at $48,000 after purchasing an additional 104 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Comfort Systems USA by 28.6% during the fourth 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 in the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

NYSE:FIX opened at $377.08 on Friday. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 25.81 and a beta of 1.27. The company’s 50-day moving average is $345.79 and its two-hundred day moving average is $412.27. 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 (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. Research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.48%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s payout ratio is currently 10.95%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FIX. StockNews.com cut Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Stifel Nicolaus cut their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA has an average rating of “Moderate Buy” and an average target price of $530.75.

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.