California First Leasing Corp Invests $2.53 Million in Comfort Systems USA, Inc. (NYSE:FIX)

California First Leasing Corp bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,860 shares of the construction company's stock, valued at approximately $2,534,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Comfort Systems USA by 1.8% in the fourth 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 during the last quarter. FMR LLC increased its stake in shares of 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 acquiring an additional 148,493 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 21,406 shares during the period. Federated Hermes Inc. increased 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 acquiring an additional 51,771 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Comfort Systems USA by 29.5% in the fourth quarter. First Trust Advisors LP now owns 463,790 shares of the construction company's stock valued at $196,675,000 after purchasing an additional 105,756 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FIX. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Wall Street Zen cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, DA Davidson increased their target price on Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Comfort Systems USA has an average rating of "Moderate Buy" and a consensus target price of $558.80.

Insider Buying and Selling

In related news, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the sale, the director directly owned 7,236 shares in the company, valued at $3,155,619.60. This trade represents a 19.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA 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 sale, the insider directly owned 198,046 shares in the company, 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. In the last three months, insiders have sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is currently owned by insiders.

Comfort Systems USA Price Performance

NYSE FIX traded down $0.48 during trading hours on Monday, reaching $540.50. The company's stock had a trading volume of 280,634 shares, compared to its average volume of 412,595. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The stock has a market cap of $19.07 billion, a PE ratio of 32.42 and a beta of 1.51. The company's 50-day moving average is $479.46 and its two-hundred day moving average is $423.68.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 8.13% and a return on equity of 36.35%. The business's quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.69 EPS. Analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were given a dividend of $0.45 per share. 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%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.80%.

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.