Strategic Planning Group LLC Raises Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Strategic Planning Group LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,584 shares of the construction company's stock after purchasing an additional 702 shares during the period. Comfort Systems USA accounts for 1.5% of Strategic Planning Group LLC's investment portfolio, making the stock its 19th biggest holding. Strategic Planning Group LLC owned approximately 0.07% of Comfort Systems USA worth $7,602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc increased its position 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 worth $32,000 after buying an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after acquiring an additional 77 shares during the last quarter. Colonial Trust Co SC increased its holdings in Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after acquiring an additional 67 shares during the last quarter. Rothschild Investment LLC raised its stake in Comfort Systems USA by 106.9% in the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock valued at $39,000 after acquiring an additional 62 shares during the period. Finally, Private Trust Co. NA lifted its holdings in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a research report on Monday, February 24th. Finally, DA Davidson raised their price target on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a report on Monday, April 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $525.80.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Vance W. Tang sold 500 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the transaction, the director now directly owns 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO William George III sold 12,500 shares of the firm's 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 sale, the chief financial officer now owns 47,473 shares in the company, valued at $22,317,532.03. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,800 shares of company stock valued at $14,642,235 in the last 90 days. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Price Performance

Shares of FIX stock traded up $2.48 during trading hours on Thursday, reaching $501.11. The stock had a trading volume of 248,802 shares, compared to its average volume of 436,115. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $17.68 billion, a PE ratio of 34.30 and a beta of 1.48. The stock's fifty day simple moving average is $404.69 and its 200 day simple moving average is $419.28.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly 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. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business earned $2.69 EPS. The business's revenue for the quarter was up 19.1% on a year-over-year basis. On average, equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a $0.45 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Friday, May 16th. Comfort Systems USA's dividend payout ratio is currently 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.