Bridges Investment Management Inc. Buys 498 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Bridges Investment Management Inc. grew its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 16.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,570 shares of the construction company’s stock after purchasing an additional 498 shares during the quarter. Bridges Investment Management Inc.’s holdings in Comfort Systems USA were worth $1,514,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC purchased a new position in shares of Comfort Systems USA during the fourth quarter valued at about $217,771,000. Vaughan Nelson Investment Management L.P. bought a new stake in Comfort Systems USA during the 3rd quarter valued at approximately $138,987,000. Jennison Associates LLC grew its holdings in shares of Comfort Systems USA by 6,071.6% during the 3rd quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock worth $68,924,000 after acquiring an additional 173,709 shares during the period. Natixis Advisors LLC raised its position in shares of Comfort Systems USA by 871.4% in the 3rd quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after acquiring an additional 119,033 shares in the last quarter. Finally, EULAV Asset Management lifted its stake in shares of Comfort Systems USA by 80.0% in the 3rd quarter. EULAV Asset Management now owns 145,103 shares of the construction company’s stock valued at $56,641,000 after purchasing an additional 64,500 shares during the period. 96.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FIX has been the topic of several recent research reports. UBS Group upped their price target 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 report on Saturday, February 15th. 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 research report on Monday, February 24th. Northcoast Research began coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective on the stock. Finally, Sidoti raised 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 research note on Monday, February 24th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $530.75.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $362.02 on Monday. The business has a fifty day moving average price of $436.85 and a 200-day moving average price of $417.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market capitalization of $12.87 billion, a PE ratio of 24.78 and a beta of 1.22. Comfort Systems USA, Inc. has a 1-year low of $272.92 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate 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 net margin of 7.43% and a return on equity of 35.28%. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.44%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. Comfort Systems USA’s dividend payout ratio (DPR) is 10.95%.

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.