Callan Family Office LLC Makes New $316,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Callan Family Office LLC bought a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 746 shares of the construction company’s stock, valued at approximately $316,000.

A number of other large investors have also bought and sold shares of FIX. Janney Montgomery Scott LLC increased its position in Comfort Systems USA by 19.6% in the third quarter. Janney Montgomery Scott LLC now owns 6,200 shares of the construction company’s stock worth $2,420,000 after buying an additional 1,015 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Comfort Systems USA by 7.4% in the third quarter. Verdence Capital Advisors LLC now owns 830 shares of the construction company’s stock worth $324,000 after buying an additional 57 shares during the last quarter. Covestor Ltd increased its position in Comfort Systems USA by 7.1% in the third quarter. Covestor Ltd now owns 465 shares of the construction company’s stock worth $182,000 after buying an additional 31 shares during the last quarter. Axxcess Wealth Management LLC increased 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. Finally, Meritage Portfolio Management increased its position in Comfort Systems USA by 11.7% in the third quarter. Meritage Portfolio Management now owns 5,528 shares of the construction company’s stock worth $2,158,000 after buying an additional 579 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

NYSE:FIX opened at $313.63 on Tuesday. The firm has a market capitalization of $11.15 billion, a price-to-earnings ratio of 21.47 and a beta of 1.24. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The stock has a fifty day moving average of $424.66 and a 200 day moving average of $417.62. 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 (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.63 by $0.46. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. On average, research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS 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. Investors of record on Monday, March 10th will be paid a dividend of $0.40 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.51%. Comfort Systems USA’s dividend payout ratio (DPR) is currently 10.95%.

Analysts Set New Price Targets

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