LPL Financial LLC Grows Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

LPL Financial LLC grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 39.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,598 shares of the construction company’s stock after purchasing an additional 6,438 shares during the quarter. LPL Financial LLC’s holdings in Comfort Systems USA were worth $9,583,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in FIX. Thurston Springer Miller Herd & Titak Inc. increased its position in Comfort Systems USA by 28.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company’s stock worth $53,000 after purchasing an additional 28 shares in the last quarter. Dakota Wealth Management increased its position in shares of Comfort Systems USA by 3.8% in the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company’s stock worth $334,000 after acquiring an additional 29 shares in the last quarter. Private Trust Co. NA increased its position in shares of Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after acquiring an additional 31 shares in the last quarter. Trust Point Inc. lifted its holdings in shares of Comfort Systems USA by 1.8% during the 4th quarter. Trust Point Inc. now owns 1,827 shares of the construction company’s stock valued at $775,000 after acquiring an additional 32 shares in the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of Comfort Systems USA by 0.8% during the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company’s stock valued at $1,739,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FIX. UBS Group upped their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Stifel Nicolaus dropped their target price on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. Finally, StockNews.com cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $530.75.

Comfort Systems USA Stock Down 4.9 %

NYSE:FIX opened at $296.07 on Friday. The firm has a market capitalization of $10.53 billion, a PE ratio of 20.26 and a beta of 1.24. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $372.38 and a 200-day moving average of $417.38.

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. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.54%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s dividend payout ratio (DPR) is 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.