Bridges Investment Management Inc. Purchases 3,599 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Bridges Investment Management Inc. boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 100.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,169 shares of the construction company's stock after purchasing an additional 3,599 shares during the period. Bridges Investment Management Inc.'s holdings in Comfort Systems USA were worth $2,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Axxcess Wealth Management LLC lifted its position in shares of Comfort Systems USA by 19.7% during the 1st quarter. Axxcess Wealth Management LLC now owns 3,003 shares of the construction company's stock valued at $968,000 after buying an additional 495 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Comfort Systems USA by 11.9% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 2,481 shares of the construction company's stock valued at $800,000 after buying an additional 263 shares during the last quarter. Blackhawk Capital Partners LLC. purchased a new position in shares of Comfort Systems USA during the 1st quarter valued at $775,000. U.S. Capital Wealth Advisors LLC lifted its position in shares of Comfort Systems USA by 35.1% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 9,823 shares of the construction company's stock valued at $3,166,000 after buying an additional 2,553 shares during the last quarter. Finally, California First Leasing Corp purchased a new position in shares of Comfort Systems USA during the 1st quarter valued at $2,534,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus increased 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 cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, DA Davidson upped their target price on Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $572.60.

Insider Buying and Selling

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of Comfort Systems USA stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the transaction, the director owned 4,998 shares in the company, valued at approximately $2,109,156. The trade was a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William George III sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the completion of the sale, the chief financial officer directly owned 47,473 shares in the company, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,800 shares of company stock worth $18,696,795 over the last quarter. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Trading Up 1.2%

NYSE FIX traded up $6.34 on Friday, hitting $540.11. The company's stock had a trading volume of 263,894 shares, compared to its average volume of 413,854. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The company's 50-day simple moving average is $492.24 and its 200 day simple moving average is $427.27. The firm has a market cap 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 released its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The firm's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 EPS. Research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Friday, May 16th. 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%.

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.