Benchmark Investment Advisors LLC Acquires New Position in Comfort Systems USA, Inc. (NYSE:FIX)

Benchmark Investment Advisors LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,068 shares of the construction company’s stock, valued at approximately $453,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its stake in Comfort Systems USA by 77.4% in the 3rd quarter. Captrust Financial Advisors now owns 2,012 shares of the construction company’s stock valued at $785,000 after purchasing an additional 878 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of Comfort Systems USA by 8.4% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,184 shares of the construction company’s stock worth $462,000 after buying an additional 92 shares in the last quarter. IHT Wealth Management LLC grew its stake in Comfort Systems USA by 11.3% in the 3rd quarter. IHT Wealth Management LLC now owns 848 shares of the construction company’s stock valued at $331,000 after acquiring an additional 86 shares during the last quarter. Quarry LP raised its position in Comfort Systems USA by 428.9% during the third quarter. Quarry LP now owns 201 shares of the construction company’s stock worth $78,000 after acquiring an additional 163 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in shares of Comfort Systems USA by 12.6% in the third quarter. Quantinno Capital Management LP now owns 3,727 shares of the construction company’s stock valued at $1,455,000 after purchasing an additional 416 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

NYSE FIX opened at $296.07 on Friday. The business’s 50-day moving average price is $372.38 and its 200 day moving average price is $417.80. 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 twelve month low of $272.93 and a twelve month high of $553.09. The company has a market capitalization of $10.53 billion, a PE ratio of 20.26 and a beta of 1.24.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. On average, research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.54%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date was Monday, March 10th. Comfort Systems USA’s dividend payout ratio is 10.95%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on FIX shares. UBS Group lifted their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a research note on Monday, February 24th. StockNews.com lowered shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. Finally, Stifel Nicolaus lowered their price target on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Comfort Systems USA has a consensus rating of “Moderate 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.