West Michigan Advisors LLC Invests $261,000 in Comfort Systems USA, Inc. (NYSE:FIX)

West Michigan Advisors LLC bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 616 shares of the construction company’s stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FIX. US Bancorp DE lifted its position in Comfort Systems USA by 4.4% during the fourth quarter. US Bancorp DE now owns 11,830 shares of the construction company’s stock valued at $5,017,000 after buying an additional 495 shares in the last quarter. Illumine Investment Management LLC purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at $668,000. Private Trust Co. NA lifted its holdings in shares of Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after acquiring an additional 31 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Comfort Systems USA by 24.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 264 shares of the construction company’s stock worth $112,000 after purchasing an additional 52 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Comfort Systems USA in the 4th quarter valued at $217,771,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $362.02 on Friday. The business has a 50 day moving average price of $436.85 and a two-hundred day moving average price of $417.10. Comfort Systems USA, Inc. has a fifty-two week low of $272.92 and a fifty-two week high of $553.09. The firm has a market cap of $12.87 billion, a PE ratio of 24.78 and a beta of 1.22. 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 issued its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. Sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced 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. 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 payout ratio is presently 10.95%.

Analysts Set New Price Targets

A number of brokerages have commented on FIX. 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. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. UBS Group increased their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report 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. Finally, Stifel Nicolaus decreased their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Buy” and a consensus target price of $530.75.

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.