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

Axxcess Wealth Management LLC grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 19.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,003 shares of the construction company's stock after purchasing an additional 495 shares during the period. Axxcess Wealth Management LLC's holdings in Comfort Systems USA were worth $968,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Comfort Systems USA by 1.8% during 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 in the last quarter. FMR LLC lifted its stake in Comfort Systems USA by 9.6% during 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 in the last quarter. Geode Capital Management LLC lifted its stake in Comfort Systems USA by 2.9% during the fourth 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. lifted its stake in Comfort Systems USA by 12.4% during the fourth 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 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. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the transaction, the director 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the transaction, the director directly owned 7,236 shares in the company, valued at approximately $3,155,619.60. The trade was a 19.92% 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 over the last ninety days. Company 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 413,854. The company has a market capitalization of $19.06 billion, a PE ratio of 32.40 and a beta of 1.51. The business's 50-day simple moving average is $492.24 and its 200 day simple moving average is $427.27. 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 1-year low of $272.93 and a 1-year high of $553.09.

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

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. 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.