Lecap Asset Management Ltd. Acquires Shares of 800 Comfort Systems USA, Inc. (NYSE:FIX)

Lecap Asset Management Ltd. acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 800 shares of the construction company's stock, valued at approximately $258,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Comfort Systems USA by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock worth $1,603,242,000 after purchasing an additional 67,240 shares during the last quarter. FMR LLC grew its stake 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 worth $719,645,000 after purchasing an additional 148,493 shares during the last quarter. Geode Capital Management LLC lifted its holdings in 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 valued at $326,409,000 after buying an additional 21,406 shares during the period. Proficio Capital Partners LLC acquired a new position in Comfort Systems USA in the fourth quarter valued at $217,771,000. Finally, Federated Hermes Inc. lifted its holdings 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 period. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Stock Up 3.7%

Shares of FIX stock traded up $18.96 on Friday, reaching $535.04. 503,087 shares of the company were exchanged, compared to its average volume of 436,311. The company has a market cap of $18.88 billion, a price-to-earnings ratio of 32.10 and a beta of 1.51. The company has a 50-day moving average of $458.34 and a 200-day moving average of $420.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The business's revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.69 EPS. Analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend was Friday, May 16th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio is 10.80%.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the sale, the insider now owns 198,046 shares in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO William George III sold 12,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the sale, the chief financial officer now owns 47,473 shares in the company, valued at $22,317,532.03. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock valued at $18,696,795 in the last 90 days. 1.59% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on FIX shares. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Stifel Nicolaus boosted their target price 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. Finally, DA Davidson boosted their target price 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. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Comfort Systems USA currently has an average rating of "Buy" and a consensus target price of $525.80.

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.