Quarry LP Purchases 175 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Quarry LP lifted its position in Comfort Systems USA, Inc. (NYSE:FIX) by 87.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 376 shares of the construction company’s stock after acquiring an additional 175 shares during the quarter. Quarry LP’s holdings in Comfort Systems USA were worth $159,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Consolidated Planning Corp lifted its holdings in Comfort Systems USA by 49.0% during the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock valued at $2,028,000 after buying an additional 1,573 shares in the last quarter. Diversified Trust Co bought a new stake in Comfort Systems USA during the 4th quarter valued at about $2,998,000. Raymond James Financial Inc. purchased a new position in Comfort Systems USA during the 4th quarter valued at about $39,038,000. BOCHK Asset Management Ltd purchased a new position in Comfort Systems USA during the 4th quarter valued at about $509,000. Finally, HB Wealth Management LLC purchased a new position in Comfort Systems USA during the 4th quarter valued at about $292,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 0.7 %

Shares of Comfort Systems USA stock opened at $394.66 on Tuesday. The firm’s 50 day moving average price is $345.85 and its 200-day moving average price is $412.11. 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 52-week low of $272.93 and a 52-week high of $553.09. The company has a market cap of $13.94 billion, a P/E ratio of 27.01 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion during 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%. The business’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company posted $2.69 earnings per share. On average, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.46%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, May 16th. Comfort Systems USA’s dividend payout ratio is presently 10.80%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus cut 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 research report on Monday, February 24th. StockNews.com downgraded shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research report on Monday, February 24th. Finally, DA Davidson raised their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of “Moderate Buy” and a consensus target price of $517.60.

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.