Illumine Investment Management LLC Invests $668,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Illumine Investment Management LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,574 shares of the construction company’s stock, valued at approximately $668,000.

Several other hedge funds have also recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new position in Comfort Systems USA during the 4th quarter valued at about $217,771,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Comfort Systems USA during the third quarter valued at approximately $138,987,000. Jennison Associates LLC grew its stake in shares of Comfort Systems USA by 6,071.6% during the third quarter. Jennison Associates LLC now owns 176,570 shares of the construction company’s stock valued at $68,924,000 after buying an additional 173,709 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Comfort Systems USA by 871.4% in the third quarter. Natixis Advisors LLC now owns 132,693 shares of the construction company’s stock worth $51,797,000 after buying an additional 119,033 shares during the period. Finally, EULAV Asset Management lifted its stake in shares of Comfort Systems USA by 80.0% during the 3rd quarter. EULAV Asset Management now owns 145,103 shares of the construction company’s stock worth $56,641,000 after acquiring an additional 64,500 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FIX. Stifel Nicolaus decreased their price objective 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. UBS Group lifted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research note on Monday. Northcoast Research began coverage on Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target for the company. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday, February 15th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $494.60.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $357.28 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The business has a fifty day moving average of $438.37 and a 200 day moving average of $416.09. The firm has a market capitalization of $12.70 billion, a price-to-earnings ratio of 24.45 and a beta of 1.22. Comfort Systems USA, Inc. has a 1 year low of $272.92 and a 1 year high of $553.09.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data 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. The firm had revenue of $1.87 billion for 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%. As a group, research analysts expect 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. Stockholders of record on Monday, March 10th will be paid a dividend of $0.40 per share. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, March 10th. Comfort Systems USA’s dividend payout ratio is presently 10.95%.

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.