Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by Comerica Bank

Comerica Bank lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,482 shares of the construction company's stock after buying an additional 4,108 shares during the quarter. Comerica Bank owned approximately 0.40% of Comfort Systems USA worth $59,997,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FIX. Consolidated Planning Corp raised its position in shares of Comfort Systems USA by 49.0% in the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock worth $2,028,000 after buying an additional 1,573 shares during the period. Diversified Trust Co purchased a new stake in Comfort Systems USA during the 4th quarter worth $2,998,000. Raymond James Financial Inc. purchased a new stake in Comfort Systems USA during the 4th quarter worth $39,038,000. BOCHK Asset Management Ltd acquired a new stake in Comfort Systems USA in the 4th quarter valued at $509,000. Finally, HB Wealth Management LLC purchased a new position in Comfort Systems USA in the fourth quarter valued at about $292,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Up 3.4 %

Shares of Comfort Systems USA stock traded up $14.06 on Friday, hitting $432.11. 444,239 shares of the company's stock traded hands, compared to its average volume of 442,268. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a market cap of $15.24 billion, a P/E ratio of 29.58 and a beta of 1.27. The firm's 50-day moving average is $349.33 and its 200 day moving average is $412.03.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted 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 firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $2.69 EPS. Equities analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share 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. Investors of record on Friday, May 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.42%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, May 16th. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of the business's stock in a transaction 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 completion of the sale, the director now owns 4,998 shares in the company, valued at $2,109,156. The trade was a 9.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FIX. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research note on Monday, February 24th. Stifel Nicolaus lowered their price objective on shares of 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. DA Davidson boosted their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Finally, StockNews.com downgraded 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 stock. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and an average target price of $517.60.

Comfort Systems USA Company 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.