Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 102.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,641 shares of the construction company's stock after purchasing an additional 72,268 shares during the period. Ameriprise Financial Inc. owned 0.40% of Comfort Systems USA worth $60,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Comfort Systems USA by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock valued at $1,603,242,000 after acquiring an additional 67,240 shares during the period. FMR LLC increased its holdings in shares of Comfort Systems USA by 9.6% in the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after purchasing an additional 148,493 shares during the period. Geode Capital Management LLC raised its stake in shares of Comfort Systems USA by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after purchasing an additional 21,406 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Comfort Systems USA during the fourth quarter worth about $217,771,000. Finally, Federated Hermes Inc. boosted its position in Comfort Systems USA by 12.4% in the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock valued at $198,391,000 after buying an additional 51,771 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Price Performance

NYSE:FIX opened at $435.86 on Friday. 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, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The stock's 50-day moving average price is $357.21 and its 200-day moving average price is $412.60. The stock has a market capitalization of $15.37 billion, a PE ratio of 29.83 and a beta of 1.48.

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 the consensus estimate 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 return on equity of 35.28% and a net margin of 7.43%. Comfort Systems USA's quarterly revenue was up 19.1% compared to the same quarter last year. During the same period last year, the company earned $2.69 earnings per share. 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 business also recently disclosed 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 annualized dividend and a yield of 0.41%. 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 presently 10.80%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of recent research reports. DA Davidson raised 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 report on Monday, April 28th. StockNews.com downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. Finally, Stifel Nicolaus decreased their price objective on Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of "Moderate Buy" and an average price target of $517.60.

Insider Transactions at Comfort Systems USA

In related news, 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 sale, the insider now directly owns 198,046 shares in the company, valued at approximately $85,488,536.36. The trade was a 7.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 3,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $1,294,980.00. Following the completion of the transaction, the director now directly owns 34,193 shares of the company's stock, valued at approximately $14,759,750.38. This represents a 8.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,300 shares of company stock valued at $8,765,860 over the last 90 days. Corporate insiders own 1.59% of the company's stock.

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.

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