Moody National Bank Trust Division Purchases Shares of 2,746 Comfort Systems USA, Inc. (NYSE:FIX)

Moody National Bank Trust Division acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,746 shares of the construction company's stock, valued at approximately $885,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FIX. Private Trust Co. NA boosted its holdings in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after buying an additional 31 shares in the last quarter. Trust Point Inc. boosted its holdings in Comfort Systems USA by 1.8% during the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock worth $775,000 after buying an additional 32 shares in the last quarter. Savant Capital LLC boosted its holdings in Comfort Systems USA by 0.8% during the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock worth $1,739,000 after buying an additional 33 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Comfort Systems USA by 1.8% during the fourth quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock worth $950,000 after buying an additional 40 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in Comfort Systems USA by 32.5% during the fourth quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company's stock worth $71,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Buying and Selling

In related news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were 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. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vance W. Tang sold 500 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the sale, the director now owns 4,998 shares of the company's stock, valued at approximately $2,109,156. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,800 shares of company stock worth $14,642,235. Insiders own 1.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. DA Davidson increased their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. Wall Street Zen downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $525.80.

Comfort Systems USA Price Performance

Shares of NYSE FIX traded down $0.24 during mid-day trading on Friday, reaching $478.59. The company's stock had a trading volume of 322,364 shares, compared to its average volume of 439,228. The stock has a 50-day moving average of $395.28 and a two-hundred day moving average of $418.11. The stock has a market capitalization of $16.88 billion, a P/E ratio of 32.76 and a beta of 1.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company's quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.69 earnings per share. On average, equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.80%.

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.