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

Arcus Capital Partners LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 715 shares of the construction company's stock, valued at approximately $230,000.

Several other large investors have also made changes to their positions in FIX. Tradewinds Capital Management LLC lifted its position in Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after purchasing an additional 27 shares during the period. Hillsdale Investment Management Inc. raised its stake in shares of Comfort Systems USA by 1.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock valued at $950,000 after buying an additional 40 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Comfort Systems USA by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock worth $57,000 after buying an additional 42 shares during the last quarter. Rakuten Securities Inc. raised its position in Comfort Systems USA by 36.8% during the first quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock valued at $52,000 after acquiring an additional 43 shares in the last quarter. Finally, Covestor Ltd raised its position in Comfort Systems USA by 10.8% during the fourth quarter. Covestor Ltd now owns 515 shares of the construction company's stock valued at $218,000 after acquiring an additional 50 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Price Performance

Comfort Systems USA stock traded up $6.42 during midday trading on Friday, reaching $540.19. The company had a trading volume of 147,571 shares, compared to its average volume of 480,156. Comfort Systems USA, Inc. has a 12-month low of $272.92 and a 12-month high of $553.09. The firm's fifty day simple moving average is $490.08 and its 200-day simple moving average is $426.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05. The company has a market capitalization of $19.06 billion, a P/E ratio of 32.40 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results 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. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company posted $2.69 earnings per share. The business's revenue was up 19.1% on a year-over-year basis. As a group, equities analysts anticipate 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 paid a $0.45 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.80%.

Insider Buying and Selling

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the transaction, the director directly owned 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the sale, the director owned 7,236 shares of the company's stock, valued at $3,155,619.60. This trade represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock worth $18,696,795 in the last 90 days. Corporate insiders own 1.59% of the company's stock.

Analyst Upgrades and Downgrades

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

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.