Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 303,229 shares of the construction company's stock after buying an additional 4,464 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.86% of Comfort Systems USA worth $97,740,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Tradewinds Capital Management LLC increased its position in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. Colonial Trust Co SC lifted its stake in Comfort Systems USA by 352.6% in the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after buying an additional 67 shares in the last quarter. Versant Capital Management Inc lifted its stake in Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after buying an additional 72 shares in the last quarter. Johnson Financial Group Inc. lifted its position in shares of Comfort Systems USA by 131.1% in the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock worth $45,000 after purchasing an additional 59 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Comfort Systems USA by 54.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after purchasing an additional 37 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on FIX shares. UBS Group boosted their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. DA Davidson raised their price target on shares of Comfort Systems USA from $630.00 to $810.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Northcoast Research lowered shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a research note on Monday, July 28th. One investment 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, Comfort Systems USA has a consensus rating of "Moderate Buy" and an average price target of $635.60.

Comfort Systems USA Trading Down 1.4%

FIX stock traded down $9.47 on Friday, reaching $680.39. The company's stock had a trading volume of 408,860 shares, compared to its average volume of 461,570. The business has a fifty day simple moving average of $578.99 and a two-hundred day simple moving average of $458.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.10 and a current ratio of 1.13. The firm has a market cap of $24.00 billion, a PE ratio of 34.96 and a beta of 1.49. Comfort Systems USA, Inc. has a 12-month low of $276.44 and a 12-month high of $733.24.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping the consensus estimate of $4.84 by $1.69. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. Comfort Systems USA's revenue for the quarter was up 20.1% on a year-over-year basis. During the same period last year, the company earned $3.74 EPS. As a group, research 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 disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Thursday, August 14th will be paid a dividend of $0.50 per share. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.28%.

Insider Activity

In other news, COO T Mckenna Trent sold 4,400 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $716.63, for a total value of $3,153,172.00. Following the transaction, the chief operating officer directly owned 21,639 shares of the company's stock, valued at approximately $15,507,156.57. This represents a 16.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 8,436 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the transaction, the chief financial officer owned 47,473 shares in the company, valued at $32,879,799.80. This represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,205 shares of company stock worth $20,932,366 over the last ninety days. 1.59% of the stock is currently owned by corporate insiders.

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.