4D Advisors LLC Takes $3.61 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

4D Advisors LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,500 shares of the construction company's stock, valued at approximately $3,605,000. Comfort Systems USA accounts for 2.5% of 4D Advisors LLC's portfolio, making the stock its 18th biggest position.

Several other hedge funds have also made changes to their positions in FIX. Mercer Global Advisors Inc. ADV increased its stake in shares of Comfort Systems USA by 47.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 875 shares of the construction company's stock valued at $371,000 after acquiring an additional 281 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Comfort Systems USA by 296.1% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 101,748 shares of the construction company's stock valued at $43,147,000 after buying an additional 76,060 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Comfort Systems USA in the fourth quarter worth approximately $20,129,000. Comerica Bank lifted its position in Comfort Systems USA by 3.0% in the 4th quarter. Comerica Bank now owns 141,482 shares of the construction company's stock worth $59,997,000 after buying an additional 4,108 shares in the last quarter. Finally, Gallo Partners LP purchased a new position in Comfort Systems USA in the fourth quarter valued at about $1,312,000. Institutional investors own 96.51% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FIX shares. Sidoti upgraded 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 note on Monday, February 24th. StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Stifel Nicolaus reduced their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a research note on Monday, February 24th. Finally, DA Davidson boosted their target price on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Comfort Systems USA has a consensus rating of "Moderate Buy" and an average price target of $517.60.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the transaction, the director now owns 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.59% of the company's stock.

Comfort Systems USA Price Performance

FIX stock traded up $3.57 during mid-day trading on Monday, hitting $435.67. The stock had a trading volume of 317,788 shares, compared to its average volume of 442,085. The company has a current ratio of 1.04, a quick ratio of 1.02 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 firm has a market capitalization of $15.37 billion, a P/E ratio of 29.82 and a beta of 1.27. The firm has a fifty day simple moving average of $349.33 and a 200 day simple moving average of $411.97.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm posted $2.69 earnings per share. The business's revenue for the quarter was up 19.1% on a year-over-year basis. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.41%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date is Friday, May 16th. Comfort Systems USA's dividend payout ratio is presently 10.80%.

Comfort Systems USA 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.