Captrust Financial Advisors Acquires 588 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Captrust Financial Advisors raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 29.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,600 shares of the construction company's stock after buying an additional 588 shares during the period. Captrust Financial Advisors' holdings in Comfort Systems USA were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of FIX. Caxton Associates LP acquired a new stake in Comfort Systems USA in the 4th quarter valued at $540,000. Bain Capital Public Equity Management II LLC lifted its holdings in shares of Comfort Systems USA by 307.2% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock worth $87,239,000 after acquiring an additional 155,204 shares during the period. Bain Capital Public Equity LP lifted its stake in Comfort Systems USA by 12.0% in the 4th quarter. Bain Capital Public Equity LP now owns 11,761 shares of the construction company's stock valued at $4,987,000 after purchasing an additional 1,263 shares during the last quarter. Baird Financial Group Inc. increased its position in Comfort Systems USA by 45.3% in the 4th quarter. Baird Financial Group Inc. now owns 2,505 shares of the construction company's stock valued at $1,062,000 after acquiring an additional 781 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in shares of Comfort Systems USA by 1,099.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 16,134 shares of the construction company's stock worth $6,842,000 after buying an additional 14,789 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Down 0.2%

Shares of FIX traded down $1.13 during trading hours on Wednesday, reaching $471.44. 28,271 shares of the stock traded hands, compared to its average volume of 437,248. 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 fifty day simple moving average of $376.44 and a 200 day simple moving average of $416.24. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a market cap of $16.63 billion, a price-to-earnings ratio of 32.30 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company 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 earned $2.69 earnings per share. The firm's revenue was up 19.1% on a year-over-year basis. On average, equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors 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 0.38%. The ex-dividend date of this dividend is Friday, May 16th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Insider Buying and Selling

In related news, CFO William George III sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the transaction, the chief financial officer now owns 47,473 shares of the company's stock, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the transaction, the insider now directly owns 198,046 shares of the company's stock, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,800 shares of company stock worth $14,642,235. Insiders own 1.59% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on FIX shares. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a research note on Monday, February 24th. 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 raised their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Finally, StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $517.60.

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.