Kane Investment Management Inc. Makes New $805,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Kane Investment Management Inc. bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,896 shares of the construction company’s stock, valued at approximately $805,000.

A number of other large investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its holdings in Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after buying an additional 77 shares during the period. Harbor Investment Advisory LLC lifted its stake in shares of Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after purchasing an additional 55 shares during the period. Private Trust Co. NA boosted its position in shares of Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock valued at $45,000 after purchasing an additional 31 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Comfort Systems USA by 1,300.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 112 shares of the construction company’s stock valued at $48,000 after purchasing an additional 104 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Comfort Systems USA by 28.6% in the fourth 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 during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Price Performance

Shares of NYSE:FIX opened at $351.77 on Tuesday. The business has a fifty day moving average price of $357.82 and a 200-day moving average price of $415.08. 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 company has a market capitalization of $12.43 billion, a PE ratio of 24.08 and a beta of 1.27. Comfort Systems USA, Inc. has a 1-year low of $272.93 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, beating analysts’ consensus estimates of $3.63 by $0.46. The business had revenue of $1.87 billion during 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, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.40 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, March 10th. Comfort Systems USA’s payout ratio is presently 10.95%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Stifel Nicolaus lowered their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research 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 on the stock in a research note on Monday, February 24th. Finally, StockNews.com upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday, April 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $530.75.

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.