Petra Financial Advisors Inc. Invests $606,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Petra Financial Advisors Inc. 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 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,430 shares of the construction company’s stock, valued at approximately $606,000.

Other large investors also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of Comfort Systems USA during the fourth quarter valued at $217,771,000. Jennison Associates LLC lifted its stake in shares of Comfort Systems USA by 6,071.6% during the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after acquiring an additional 173,709 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Comfort Systems USA during the fourth quarter valued at $39,038,000. EULAV Asset Management lifted its stake in shares of Comfort Systems USA by 80.0% during the third quarter. EULAV Asset Management now owns 145,103 shares of the construction company’s stock valued at $56,641,000 after acquiring an additional 64,500 shares during the period. Finally, River Global Investors LLP acquired a new position in shares of Comfort Systems USA during the fourth quarter valued at $20,945,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 1.5 %

Shares of Comfort Systems USA stock opened at $346.14 on Tuesday. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The business has a 50-day moving average of $414.62 and a two-hundred day moving average of $417.48. The company has a market capitalization of $12.31 billion, a P/E ratio of 23.69 and a beta of 1.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s dividend payout ratio is 10.95%.

Analysts Set New Price Targets

FIX has been the topic of several research reports. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. UBS Group upped their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price on the stock. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research note on Monday, February 24th. Finally, Stifel Nicolaus cut their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.