Prakash Investment Advisors LLC Acquires Shares of 600 Comfort Systems USA, Inc. (NYSE:FIX)

Prakash Investment Advisors LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 600 shares of the construction company’s stock, valued at approximately $254,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its stake in Comfort Systems USA by 19.6% in the fourth quarter. Handelsbanken Fonder AB now owns 9,137 shares of the construction company’s stock valued at $3,875,000 after acquiring an additional 1,500 shares during the period. Ieq Capital LLC lifted its holdings in shares of Comfort Systems USA by 640.3% in the fourth quarter. Ieq Capital LLC now owns 14,362 shares of the construction company’s stock valued at $6,090,000 after purchasing an additional 12,422 shares in the last quarter. Freedom Day Solutions LLC lifted its holdings in shares of Comfort Systems USA by 2.2% in the fourth quarter. Freedom Day Solutions LLC now owns 8,986 shares of the construction company’s stock valued at $3,811,000 after purchasing an additional 192 shares in the last quarter. Kestra Investment Management LLC lifted its holdings in shares of Comfort Systems USA by 28.1% in the fourth quarter. Kestra Investment Management LLC now owns 3,480 shares of the construction company’s stock valued at $1,476,000 after purchasing an additional 763 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Comfort Systems USA by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,097 shares of the construction company’s stock valued at $465,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FIX shares. Stifel Nicolaus raised their target price on Comfort Systems USA from $524.00 to $577.00 and gave the company a “buy” rating in a report on Friday, January 24th. UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Finally, Northcoast Research assumed coverage on Comfort Systems USA in a report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA currently has an average rating of “Buy” and an average target price of $506.75.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock opened at $382.29 on Friday. The business’s fifty day simple moving average is $446.90 and its 200 day simple moving average is $414.14. The firm has a market capitalization of $13.61 billion, a P/E ratio of 29.25 and a beta of 1.22. Comfort Systems USA, Inc. has a 12 month low of $239.80 and a 12 month high of $553.09. 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 (NYSE:FIX) last issued its earnings results 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. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $0.40 dividend. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.42%. Comfort Systems USA’s payout ratio is 10.71%.

Comfort Systems USA 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.