Boothbay Fund Management LLC Takes $318,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Boothbay Fund Management LLC purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 749 shares of the construction company's stock, valued at approximately $318,000.

A number of other hedge funds also recently modified their holdings of the business. Susquehanna Fundamental Investments LLC bought a new position in Comfort Systems USA during the 4th quarter worth approximately $40,934,000. Nebula Research & Development LLC increased its position in shares of Comfort Systems USA by 117.6% during the fourth quarter. Nebula Research & Development LLC now owns 3,198 shares of the construction company's stock worth $1,356,000 after buying an additional 1,728 shares during the period. Kovitz Investment Group Partners LLC bought a new position in Comfort Systems USA during the fourth quarter worth $242,000. Voya Investment Management LLC lifted its holdings in Comfort Systems USA by 824.2% in the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock valued at $98,985,000 after buying an additional 208,283 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in Comfort Systems USA by 9.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 2,158 shares of the construction company's stock valued at $915,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. DA Davidson upped their target price on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research report on Monday, April 28th. 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. Stifel Nicolaus dropped 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. Finally, StockNews.com cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and an average target price of $517.60.

Comfort Systems USA Stock Down 1.4 %

FIX stock traded down $6.13 during midday trading on Tuesday, reaching $429.16. 213,296 shares of the company's stock traded hands, compared to its average volume of 441,173. 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 $15.14 billion, a price-to-earnings ratio of 29.37 and a beta of 1.27. The firm's fifty day moving average price is $350.54 and its 200-day moving average price is $412.09. 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 (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The company had revenue of $1.83 billion for 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%. The firm's revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.69 EPS. As a group, sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business 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 dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date is Friday, May 16th. This represents a $1.80 annualized dividend and a dividend yield of 0.42%. Comfort Systems USA's payout ratio is presently 10.80%.

Insider Buying and Selling

In other news, Director Pablo G. Mercado sold 1,800 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the sale, the director now owns 7,236 shares in the company, valued at $3,155,619.60. This represents a 19.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the sale, the director now owns 4,998 shares of the company's stock, valued at approximately $2,109,156. This 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 corporate insiders.

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.