Azzad Asset Management Inc. ADV Acquires Shares of 2,419 Comfort Systems USA, Inc. (NYSE:FIX)

Azzad Asset Management Inc. ADV purchased a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,419 shares of the construction company's stock, valued at approximately $780,000.

Several other large investors have also recently bought and sold shares of FIX. NorthCrest Asset Manangement LLC acquired a new stake in Comfort Systems USA during the 1st quarter worth about $302,000. Handelsbanken Fonder AB lifted its position in shares of Comfort Systems USA by 1,171.1% in the first quarter. Handelsbanken Fonder AB now owns 116,137 shares of the construction company's stock worth $37,434,000 after purchasing an additional 107,000 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Comfort Systems USA in the first quarter worth approximately $2,135,000. Dividend Assets Capital LLC acquired a new stake in shares of Comfort Systems USA during the first quarter worth approximately $3,695,000. Finally, Abacus FCF Advisors LLC grew its position in Comfort Systems USA by 613.9% during the first quarter. Abacus FCF Advisors LLC now owns 19,040 shares of the construction company's stock valued at $6,137,000 after purchasing an additional 16,373 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FIX shares. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research note on Monday, February 24th. DA Davidson increased their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Stifel Nicolaus raised their price target on Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $525.80.

Comfort Systems USA Stock Performance

FIX stock traded up $7.89 during mid-day trading on Monday, reaching $500.61. 258,689 shares of the stock traded hands, compared to its average volume of 437,141. The firm has a market capitalization of $17.66 billion, a PE ratio of 34.26 and a beta of 1.51. The business has a 50-day moving average of $430.04 and a two-hundred day moving average of $419.10. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating the consensus estimate of $3.66 by $1.09. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm'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 earned $2.69 EPS. As a group, equities analysts predict 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 given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.36%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 16th. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Insider Transactions at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of Comfort Systems USA stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the sale, the director now directly owns 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company'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 value of $6,474,900.00. Following the completion of the transaction, the insider now directly owns 198,046 shares of the company's stock, valued at approximately $85,488,536.36. This trade represents a 7.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,800 shares of company stock worth $18,696,795. Insiders own 1.59% of the company's stock.

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.