Wealthfront Advisers LLC Invests $1.91 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Wealthfront Advisers LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,506 shares of the construction company’s stock, valued at approximately $1,911,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. grew its holdings in shares of Comfort Systems USA by 22.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 4,030 shares of the construction company’s stock worth $1,709,000 after buying an additional 730 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Comfort Systems USA by 20.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,851 shares of the construction company’s stock worth $4,177,000 after buying an additional 1,700 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in shares of Comfort Systems USA by 6.4% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 994 shares of the construction company’s stock worth $422,000 after buying an additional 60 shares in the last quarter. Personal CFO Solutions LLC purchased a new stake in Comfort Systems USA in the fourth quarter valued at approximately $212,000. Finally, Naviter Wealth LLC purchased a new stake in Comfort Systems USA in the fourth quarter valued at approximately $297,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 4.5 %

Shares of FIX stock opened at $341.92 on Friday. The stock has a market cap of $12.16 billion, a price-to-earnings 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, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The firm’s 50 day moving average price is $416.79 and its two-hundred day moving average price is $416.37.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. On average, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS 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. Stockholders of record on Monday, March 10th will be given a dividend of $0.40 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Monday, March 10th. Comfort Systems USA’s payout ratio is presently 10.95%.

Analysts Set New Price Targets

FIX has been the subject of a number of recent analyst reports. UBS Group boosted their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 target price for the company. Stifel Nicolaus lowered 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 report on Monday, February 24th. Sidoti upgraded 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 report on Monday, February 24th. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average 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.