Naviter Wealth LLC Acquires New Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Naviter Wealth LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 700 shares of the construction company’s stock, valued at approximately $297,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in Comfort Systems USA by 19.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 6,200 shares of the construction company’s stock valued at $2,420,000 after acquiring an additional 1,015 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth approximately $28,000. Verdence Capital Advisors LLC lifted its stake in Comfort Systems USA by 7.4% during the third quarter. Verdence Capital Advisors LLC now owns 830 shares of the construction company’s stock valued at $324,000 after purchasing an additional 57 shares during the last quarter. Covestor Ltd boosted its holdings in Comfort Systems USA by 7.1% during the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after buying an additional 31 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its position in Comfort Systems USA by 14.8% in the third quarter. Axxcess Wealth Management LLC now owns 2,220 shares of the construction company’s stock worth $867,000 after buying an additional 287 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Down 1.1 %

NYSE:FIX opened at $324.41 on Monday. The business’s fifty day moving average price is $426.97 and its 200 day moving average price is $417.79. The firm has a market capitalization of $11.53 billion, a price-to-earnings ratio of 22.20 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. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.49%. Comfort Systems USA’s dividend payout ratio is presently 10.95%.

Wall Street Analysts Forecast Growth

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