Strategic Planning Group LLC Buys 702 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Strategic Planning Group LLC grew its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,584 shares of the construction company's stock after purchasing an additional 702 shares during the period. Comfort Systems USA comprises about 1.5% of Strategic Planning Group LLC's portfolio, making the stock its 19th largest position. Strategic Planning Group LLC owned approximately 0.07% of Comfort Systems USA worth $7,602,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of 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 valued at $34,000 after buying an additional 77 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after acquiring an additional 67 shares during the period. Versant Capital Management Inc lifted 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 during the period. Johnson Financial Group Inc. raised its holdings in Comfort Systems USA by 131.1% during the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock worth $45,000 after buying an additional 59 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of Comfort Systems USA by 41.3% in 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FIX shares. DA Davidson increased their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a research report on Monday, February 24th. Finally, Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA has a consensus rating of "Buy" and an average price target of $525.80.

Comfort Systems USA Trading Up 2.4%

Shares of FIX stock traded up $11.98 on Friday, hitting $511.11. 340,928 shares of the stock traded hands, compared to its average volume of 436,711. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market capitalization of $18.03 billion, a PE ratio of 34.98 and a beta of 1.51. The firm's 50-day moving average price is $411.90 and its two-hundred day moving average price is $419.88. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period last year, the firm posted $2.69 earnings per share. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.35%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is presently 10.80%.

Insiders Place Their Bets

In other Comfort Systems USA news, CFO William George III sold 12,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the sale, the chief financial officer now directly owns 47,473 shares in the company, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their position. The sale was disclosed in a legal filing 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 stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the transaction, the insider now directly owns 198,046 shares in the company, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,800 shares of company stock worth $14,642,235 in the last 90 days. 1.59% of the stock is owned by company 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.