Comfort Systems USA, Inc. $FIX Shares Acquired by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. increased its stake in Comfort Systems USA, Inc. (NYSE:FIX) by 3.6% to own approximately 111,445 shares, valued at about $59.76 million.
• Comfort Systems USA recently raised its quarterly dividend from $0.45 to $0.50 per share, indicating a commitment to returning value to shareholders.
• Several analysts have upgraded Comfort Systems USA's stock ratings, with target prices reaching as high as $875, indicating strong investor confidence.

Congress Asset Management Co. lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,445 shares of the construction company's stock after acquiring an additional 3,880 shares during the period. Congress Asset Management Co. owned about 0.32% of Comfort Systems USA worth $59,758,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FIX. Tradewinds Capital Management LLC raised its position in shares of Comfort Systems USA by 49.1% during 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. Stone House Investment Management LLC acquired a new stake in shares of Comfort Systems USA during the 1st quarter valued at approximately $31,000. Versant Capital Management Inc raised its position in shares of Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after acquiring an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after acquiring an additional 37 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in shares of Comfort Systems USA by 259.4% during the 1st quarter. Brooklyn Investment Group now owns 115 shares of the construction company's stock valued at $37,000 after acquiring an additional 83 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comfort Systems USA

In related news, Director William J. Sandbrook sold 800 shares of Comfort Systems USA stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $733.56, for a total transaction of $586,848.00. Following the sale, the director directly owned 11,666 shares in the company, valued at $8,557,710.96. The trade was a 6.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Julie Shaeff sold 1,369 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $704.50, for a total value of $964,460.50. Following the transaction, the chief accounting officer directly owned 16,023 shares of the company's stock, valued at $11,288,203.50. This represents a 7.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. William Blair assumed coverage on Comfort Systems USA in a research report on Thursday, September 11th. They issued an "outperform" rating on the stock. Zacks Research raised Comfort Systems USA from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 19th. DA Davidson increased their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. UBS Group increased their target price on Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Comfort Systems USA presently has a consensus rating of "Buy" and an average price target of $668.60.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $780.89 on Friday. Comfort Systems USA, Inc. has a fifty-two week low of $276.44 and a fifty-two week high of $825.00. The firm's 50-day simple moving average is $704.12 and its 200 day simple moving average is $526.72. The company has a quick ratio of 1.10, a current ratio of 1.13 and a debt-to-equity ratio of 0.03. The stock has a market cap of $27.55 billion, a P/E ratio of 40.13 and a beta of 1.54.

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

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.

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