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 purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 78,040 shares of the construction company's stock, valued at approximately $25,155,000. E. Ohman J or Asset Management AB owned approximately 0.22% of Comfort Systems USA at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc grew its position in Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after purchasing an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after purchasing an additional 77 shares during the last quarter. Colonial Trust Co SC grew its position in Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after purchasing an additional 67 shares during the last quarter. Rothschild Investment LLC grew its position in Comfort Systems USA by 106.9% during the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock valued at $39,000 after purchasing an additional 62 shares during the last quarter. Finally, Private Trust Co. NA grew its position in Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FIX. 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 research report on Monday, April 28th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday. 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 research report on Monday, February 24th. 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 research report on Friday, May 23rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $525.80.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded up $11.98 during trading on Friday, reaching $511.11. 340,928 shares of the company traded hands, compared to its average volume of 436,050. The firm has a 50 day simple moving average of $411.90 and a 200-day simple moving average of $419.88. 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 capitalization of $18.03 billion, a PE ratio of 34.98 and a beta of 1.51. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (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 business's quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.69 EPS. Equities research 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 announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.35%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.80%.

Insiders Place Their Bets

In other Comfort Systems USA news, CFO William George III sold 12,500 shares of the firm'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 sale, the chief financial officer now owns 47,473 shares in the company, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pablo G. Mercado sold 1,800 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the sale, the director now owns 7,236 shares in the company, valued at approximately $3,155,619.60. The trade was a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,800 shares of company stock worth $14,642,235. Company insiders own 1.59% of the company's stock.

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.