Arcus Capital Partners LLC Makes New $230,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Arcus Capital Partners LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 715 shares of the construction company's stock, valued at approximately $230,000.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Comfort Systems USA by 1.8% during the 4th 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 in the last quarter. FMR LLC increased its holdings in Comfort Systems USA by 9.6% during the 4th 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 in the last quarter. Geode Capital Management LLC increased its holdings in Comfort Systems USA by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after purchasing an additional 21,406 shares in the last quarter. Federated Hermes Inc. increased its holdings in Comfort Systems USA by 12.4% during the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock worth $198,391,000 after purchasing an additional 51,771 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Comfort Systems USA by 29.5% during the 4th quarter. First Trust Advisors LP now owns 463,790 shares of the construction company's stock worth $196,675,000 after purchasing an additional 105,756 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 12,500 shares of Comfort Systems USA 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 transaction, the chief financial officer owned 47,473 shares in the company, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the transaction, the insider owned 198,046 shares of the company's stock, valued at $85,488,536.36. The trade was a 7.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,800 shares of company stock valued at $18,696,795 in the last three months. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Up 1.2%

Shares of NYSE FIX traded up $6.34 during mid-day trading on Friday, hitting $540.11. The company had a trading volume of 263,894 shares, compared to its average volume of 414,667. The company has a market capitalization of $19.06 billion, a PE ratio of 32.40 and a beta of 1.51. The firm has a 50-day simple moving average of $492.24 and a two-hundred day simple moving average of $427.13. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. 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 posted its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The business had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter last year, the company posted $2.69 earnings per share. Comfort Systems USA's quarterly revenue was up 19.1% on a year-over-year basis. On average, equities analysts expect 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. Investors of record on Friday, May 16th were issued a dividend of $0.45 per share. 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 0.33%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.80%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FIX. Stifel Nicolaus raised their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday. Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, DA Davidson raised their price objective on Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus price target of $572.60.

About Comfort Systems USA

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.