Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by Bosman Wealth Management LLC

Bosman Wealth Management LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 122.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,209 shares of the construction company's stock after buying an additional 5,076 shares during the quarter. Comfort Systems USA accounts for approximately 3.0% of Bosman Wealth Management LLC's holdings, making the stock its 13th largest holding. Bosman Wealth Management LLC's holdings in Comfort Systems USA were worth $2,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Comfort Systems USA in the fourth quarter worth about $196,154,000. GAMMA Investing LLC grew its position in shares of Comfort Systems USA by 39,575.2% during the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after buying an additional 253,677 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Comfort Systems USA by 191.2% in the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after buying an additional 250,085 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Comfort Systems USA by 824.2% in the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock worth $98,985,000 after buying an additional 208,283 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC raised its holdings in Comfort Systems USA by 307.2% in the fourth quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock valued at $87,239,000 after acquiring an additional 155,204 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded up $6.34 during midday trading on Friday, reaching $540.11. 263,894 shares of the stock traded hands, compared to its average volume of 414,667. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The firm has a market cap of $19.06 billion, a price-to-earnings ratio of 32.40 and a beta of 1.51. The firm has a fifty day moving average price of $492.24 and a two-hundred day moving average price of $427.21.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data 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. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $2.69 EPS. The business's revenue for the quarter was up 19.1% compared to the same quarter last year. On average, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.33%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FIX shares. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday. DA Davidson boosted their price objective on Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a report on Monday, June 30th. Finally, Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $572.60.

Insider Buying and Selling at Comfort Systems USA

In related news, Director Darcy Anderson sold 8,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the transaction, the director owned 26,535 shares in the company, valued at $13,448,468.70. This represents a 23.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business'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 sale, the insider owned 198,046 shares in the company, valued at $85,488,536.36. This trade represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,800 shares of company stock valued at $18,696,795. 1.59% of the stock is currently owned by 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.