Algert Global LLC Buys 3,381 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Algert Global LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,600 shares of the construction company's stock after acquiring an additional 3,381 shares during the quarter. Comfort Systems USA accounts for 0.4% of Algert Global LLC's portfolio, making the stock its 22nd largest holding. Algert Global LLC owned 0.11% of Comfort Systems USA worth $15,945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of FIX. Aptus Capital Advisors LLC lifted its stake in Comfort Systems USA by 22.6% during the fourth quarter. Aptus Capital Advisors LLC now owns 26,063 shares of the construction company's stock valued at $11,052,000 after buying an additional 4,812 shares in the last quarter. AXA S.A. lifted its position in shares of Comfort Systems USA by 1.1% in the 4th quarter. AXA S.A. now owns 51,687 shares of the construction company's stock valued at $21,918,000 after acquiring an additional 574 shares in the last quarter. 4D Advisors LLC purchased a new position in Comfort Systems USA during the 4th quarter worth approximately $3,605,000. Mercer Global Advisors Inc. ADV boosted its position in shares of Comfort Systems USA by 47.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 875 shares of the construction company's stock worth $371,000 after buying an additional 281 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in Comfort Systems USA by 296.1% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 101,748 shares of the construction company's stock worth $43,147,000 after acquiring an additional 76,060 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 1.4 %

NYSE:FIX traded down $6.13 during trading hours on Tuesday, reaching $429.16. The company's stock had a trading volume of 213,296 shares, compared to its average volume of 440,905. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The business's 50-day moving average is $350.54 and its 200-day moving average is $412.09. 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 cap of $15.14 billion, a price-to-earnings ratio of 29.37 and a beta of 1.27.

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

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.42%. This is a boost 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 10.80%.

Insider Activity

In other news, Director Pablo G. Mercado sold 1,800 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the transaction, the director now directly owns 7,236 shares in the company, valued at $3,155,619.60. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 500 shares of the business's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the transaction, the director now directly owns 4,998 shares in the company, valued at $2,109,156. This trade represents a 9.09 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on FIX shares. Stifel Nicolaus dropped 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. DA Davidson upped their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. 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 report on Monday, February 24th. Finally, StockNews.com lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. One investment 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $517.60.

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.