Virtu Financial LLC Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

Virtu Financial LLC acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,893 shares of the construction company’s stock, valued at approximately $803,000.

Several other large investors have also recently bought and sold shares of the business. State Street Corp increased its holdings in Comfort Systems USA by 0.6% in the third quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock worth $412,038,000 after buying an additional 6,496 shares during the last quarter. Geode Capital Management LLC increased its holdings in Comfort Systems USA by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 748,128 shares of the construction company’s stock valued at $292,093,000 after buying an additional 47,929 shares during the period. Proficio Capital Partners LLC acquired a new position in Comfort Systems USA in the fourth quarter worth about $217,771,000. Vaughan Nelson Investment Management L.P. lifted its position in shares of Comfort Systems USA by 2.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 363,947 shares of the construction company’s stock worth $154,335,000 after buying an additional 7,890 shares during the period. Finally, Royal London Asset Management Ltd. grew its holdings in shares of Comfort Systems USA by 20.6% in the 3rd quarter. Royal London Asset Management Ltd. now owns 255,501 shares of the construction company’s stock worth $99,735,000 after purchasing an additional 43,691 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

NYSE:FIX opened at $380.25 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The firm’s 50-day simple moving average is $405.77 and its 200 day simple moving average is $418.50. The firm has a market cap of $13.52 billion, a price-to-earnings ratio of 26.03 and a beta of 1.24.

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

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.40 per share. 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 0.42%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s dividend payout ratio is currently 10.95%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FIX. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. UBS Group raised their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Finally, Stifel Nicolaus dropped their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Five investment 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 target price 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.