Comfort Systems USA, Inc. (NYSE:FIX) Holdings Raised by Consolidated Planning Corp

Consolidated Planning Corp grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 34.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,412 shares of the construction company's stock after purchasing an additional 1,629 shares during the period. Consolidated Planning Corp's holdings in Comfort Systems USA were worth $2,067,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of FIX. CIBC Asset Management Inc lifted its holdings in shares of Comfort Systems USA by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,097 shares of the construction company's stock valued at $465,000 after purchasing an additional 54 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Comfort Systems USA by 19.6% during the fourth quarter. Handelsbanken Fonder AB now owns 9,137 shares of the construction company's stock valued at $3,875,000 after purchasing an additional 1,500 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at $4,045,000. Robeco Schweiz AG lifted its holdings in shares of Comfort Systems USA by 4.1% during the fourth quarter. Robeco Schweiz AG now owns 23,100 shares of the construction company's stock valued at $9,796,000 after purchasing an additional 900 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at $217,771,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 0.1%

FIX opened at $498.38 on Monday. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The business has a 50-day moving average of $445.61 and a 200-day moving average of $419.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05. The company has a market capitalization of $17.58 billion, a PE ratio of 29.90 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the business earned $2.69 EPS. The business's quarterly revenue was up 19.1% on a year-over-year basis. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, May 16th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.36%. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Analyst Ratings Changes

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

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the sale, the insider now directly owns 198,046 shares of the company's stock, valued at $85,488,536.36. This trade represents a 7.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William George III sold 12,500 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer now directly owns 47,473 shares in the company, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock valued at $18,696,795 in the last three months. Corporate 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.

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