Wellington Shields & Co. LLC Raises Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Wellington Shields & Co. LLC increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 20.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 896 shares of the construction company’s stock after purchasing an additional 150 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Comfort Systems USA were worth $380,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Consolidated Planning Corp increased its position in shares of Comfort Systems USA by 49.0% during the fourth quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock worth $2,028,000 after purchasing an additional 1,573 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth approximately $2,998,000. Zacks Investment Management increased its position in shares of Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock worth $3,376,000 after purchasing an additional 1,795 shares in the last quarter. Quest Partners LLC acquired a new position in Comfort Systems USA during the third quarter worth $940,000. Finally, Raymond James Financial Inc. acquired a new position in Comfort Systems USA during the fourth quarter worth $39,038,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. 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 raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. UBS Group boosted their price objective 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. Stifel Nicolaus lowered their price objective 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. Finally, Northcoast Research began coverage on 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $530.75.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $341.92 on Friday. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The business’s fifty day simple moving average is $416.79 and its 200-day simple moving average is $416.37. The firm has a market cap of $12.16 billion, a PE ratio of 23.40 and a beta of 1.24. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating 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 business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. Equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.47%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, March 10th. 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.