Axxcess Wealth Management LLC Boosts Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Axxcess Wealth Management LLC lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 19.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,003 shares of the construction company's stock after buying an additional 495 shares during the quarter. Axxcess Wealth Management LLC's holdings in Comfort Systems USA were worth $968,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position 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 valued at $1,603,242,000 after purchasing an additional 67,240 shares in the last quarter. FMR LLC raised its holdings in Comfort Systems USA by 9.6% in 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 during the period. Geode Capital Management LLC increased its stake 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 buying an additional 21,406 shares in the last quarter. Federated Hermes Inc. grew its position 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 worth $198,391,000 after acquiring an additional 51,771 shares during the period. Finally, First Trust Advisors LP lifted its stake in Comfort Systems USA by 29.5% during the fourth 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. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Buying and Selling

In other news, Director Darcy Anderson sold 8,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the sale, the director directly owned 26,535 shares of the company's stock, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the transaction, the insider owned 198,046 shares of the company's stock, valued at approximately $85,488,536.36. The trade was a 7.04% 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 ninety days. 1.59% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FIX. Stifel Nicolaus raised their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, DA Davidson lifted their price objective on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Comfort Systems USA currently has an average rating of "Moderate Buy" and an average target price of $572.60.

Comfort Systems USA Stock Down 0.4%

Shares of NYSE FIX traded down $2.33 during mid-day trading on Tuesday, reaching $540.62. 241,434 shares of the company's stock traded hands, compared to its average volume of 413,587. 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 business has a 50-day simple moving average of $494.42 and a 200 day simple moving average of $427.91. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The stock has a market cap of $19.07 billion, a P/E ratio of 32.43 and a beta of 1.51.

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

Comfort Systems USA Increases Dividend

The firm also recently disclosed 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 a boost from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.33%. Comfort Systems USA's dividend 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.