Abacus FCF Advisors LLC Increases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Abacus FCF Advisors LLC raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 613.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,040 shares of the construction company's stock after buying an additional 16,373 shares during the period. Abacus FCF Advisors LLC owned 0.05% of Comfort Systems USA worth $6,137,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA raised its stake in Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after buying an additional 31 shares during the period. Savant Capital LLC raised its stake in Comfort Systems USA by 0.8% in the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock valued at $1,739,000 after acquiring an additional 33 shares during the period. Hillsdale Investment Management Inc. boosted its position 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 purchasing an additional 40 shares during the period. V Square Quantitative Management LLC raised its position in shares of Comfort Systems USA by 32.5% in the fourth quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company's stock valued at $71,000 after purchasing an additional 41 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Comfort Systems USA by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock valued at $57,000 after buying an additional 42 shares during the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction that occurred on 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 owns 198,046 shares of the company's stock, valued at $85,488,536.36. This trade represents a 7.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Vance W. Tang sold 500 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the transaction, the director now owns 4,998 shares in the company, valued at $2,109,156. This represents a 9.09% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,800 shares of company stock valued at $18,696,795. Company insiders own 1.59% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on FIX shares. DA Davidson upped their target price on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Stifel Nicolaus upped their price objective on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Sidoti upgraded 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, Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $525.80.

Comfort Systems USA Price Performance

FIX stock traded up $4.60 during mid-day trading on Thursday, hitting $501.30. The stock had a trading volume of 187,279 shares, compared to its average volume of 436,695. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The firm has a fifty day simple moving average of $422.63 and a 200 day simple moving average of $420.07. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $17.68 billion, a P/E ratio of 34.31 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The firm 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 7.43% and a return on equity of 35.28%. The company's revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.69 earnings per share. As a group, research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is 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.