Bravias Capital Group LLC Makes New Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Bravias Capital Group LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX) in the 4th quarter, Holdings Channel reports. The fund purchased 515 shares of the construction company’s stock, valued at approximately $225,000.

Several other hedge funds have also modified their holdings of the business. State Street Corp lifted its holdings in shares of Comfort Systems USA by 0.6% in the 3rd quarter. State Street Corp now owns 1,055,561 shares of the construction company’s stock valued at $412,038,000 after buying an additional 6,496 shares during the period. Geode Capital Management LLC lifted its holdings in shares of 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 stake in shares of Comfort Systems USA in the 4th quarter valued at approximately $217,771,000. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Comfort Systems USA by 2.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 363,947 shares of the construction company’s stock valued at $154,335,000 after buying an additional 7,890 shares during the period. Finally, Royal London Asset Management Ltd. lifted 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 valued at $99,735,000 after buying an additional 43,691 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. UBS Group raised their price objective 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. 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 objective for the company. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research note on Monday, February 24th. Finally, Stifel Nicolaus dropped their price objective on 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $530.75.

Comfort Systems USA Stock Performance

Comfort Systems USA stock opened at $362.02 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a fifty day moving average of $436.85 and a two-hundred day moving average of $417.72. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 24.78 and a beta of 1.22. Comfort Systems USA, Inc. has a fifty-two week low of $272.92 and a fifty-two week high of $553.09.

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

Comfort Systems USA Increases Dividend

The firm also recently disclosed 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 of this dividend is Monday, March 10th. This represents a $1.60 dividend on an annualized basis 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 currently 10.95%.

Comfort Systems USA Company 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.