Cwm LLC Has $2.67 Million Stake in Comfort Systems USA, Inc. (NYSE:FIX)

CWM LLC lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 64.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,271 shares of the construction company's stock after purchasing an additional 3,238 shares during the quarter. CWM LLC's holdings in Comfort Systems USA were worth $2,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of FIX. Tradewinds Capital Management LLC raised its position in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after purchasing an additional 27 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after acquiring an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Comfort Systems USA by 1,925.0% during the fourth 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 raised its position in shares of Comfort Systems USA by 352.6% during the fourth 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. Finally, Rothschild Investment LLC raised its position in shares of Comfort Systems USA by 106.9% during the first quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock worth $39,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Transactions at Comfort Systems USA

In related news, Director Darcy Anderson sold 8,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director owned 26,535 shares of the company's stock, valued at $13,448,468.70. This trade represents a 23.16% decrease in their position. The transaction 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 the firm's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the sale, the insider directly owned 198,046 shares in the company, valued at approximately $85,488,536.36. This trade represents a 7.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is owned by insiders.

Comfort Systems USA Stock Performance

Shares of FIX traded up $4.83 during mid-day trading on Friday, reaching $555.33. The company's stock had a trading volume of 227,169 shares, compared to its average volume of 411,177. 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 stock has a market cap of $19.59 billion, a P/E ratio of 33.31 and a beta of 1.51. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $559.36. The business has a 50-day simple moving average of $503.56 and a two-hundred day simple moving average of $431.31.

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 for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The firm's quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.69 earnings per share. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal 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 issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.80%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of recent analyst reports. DA Davidson upped 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. Stifel Nicolaus upped their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. Finally, Wall Street Zen downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $572.60.

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.