E. Ohman J or Asset Management AB Takes $25.16 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

E. Ohman J or Asset Management AB bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 78,040 shares of the construction company's stock, valued at approximately $25,155,000. E. Ohman J or Asset Management AB owned 0.22% of Comfort Systems USA at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIX. Proficio Capital Partners LLC purchased a new stake in shares of Comfort Systems USA in the 4th quarter worth about $217,771,000. Norges Bank purchased a new stake in shares of Comfort Systems USA in the 4th quarter worth about $196,154,000. GAMMA Investing LLC grew its position in shares of Comfort Systems USA by 39,575.2% in the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after buying an additional 253,677 shares during the period. JPMorgan Chase & Co. grew its position in shares of Comfort Systems USA by 191.2% in the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after buying an additional 250,085 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Comfort Systems USA by 824.2% in the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock worth $98,985,000 after buying an additional 208,283 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded down $7.69 during midday trading on Monday, hitting $502.83. 497,924 shares of the company's stock traded hands, compared to its average volume of 436,976. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 34.42 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a fifty day moving average of $411.90 and a 200 day moving average of $418.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the firm earned $2.69 EPS. The business's revenue for the quarter was up 19.1% compared to the same quarter last year. On average, analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.36%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Insider Buying and Selling

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of the stock in a transaction that occurred 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 directly owns 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Darcy Anderson sold 8,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director now directly owns 26,535 shares of the company's stock, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,800 shares of company stock valued at $18,696,795. 1.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research note on Monday, February 24th. DA Davidson upped their target price 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. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Stifel Nicolaus upped their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $525.80.

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.