Oak Thistle LLC Grows Position in Comfort Systems USA, Inc. (NYSE:FIX)

Oak Thistle LLC raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 49.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,182 shares of the construction company's stock after buying an additional 718 shares during the period. Oak Thistle LLC's holdings in Comfort Systems USA were worth $703,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tradewinds Capital Management LLC grew its holdings in Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after acquiring an additional 27 shares during the period. Versant Capital Management Inc lifted its position in Comfort Systems USA by 257.1% in 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 in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after buying an additional 37 shares in the last quarter. Colonial Trust Co SC lifted its position in Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after buying an additional 67 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in Comfort Systems USA by 106.9% during the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock worth $39,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Performance

Shares of NYSE FIX traded up $126.61 during midday trading on Friday, hitting $689.44. The company's stock had a trading volume of 1,254,076 shares, compared to its average volume of 314,589. The stock has a fifty day moving average price of $510.31 and a 200 day moving average price of $434.24. Comfort Systems USA, Inc. has a one year low of $272.92 and a one year high of $699.39. 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 capitalization of $24.32 billion, a price-to-earnings ratio of 35.43 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 40.97%. The business's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.74 EPS. On average, 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 will be paid on Monday, August 25th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.00 annualized dividend and a yield of 0.29%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio is presently 10.80%.

Analyst Upgrades and Downgrades

FIX has been the topic of several recent analyst reports. UBS Group boosted their price objective on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research note on Friday. Wall Street Zen downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, DA Davidson increased their price objective on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a research note on Monday, June 30th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $599.60.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Pablo G. Mercado sold 1,800 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the sale, the director directly owned 7,236 shares in the company, valued at approximately $3,155,619.60. This trade represents a 19.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were 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 of the company's stock, 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. In the last 90 days, insiders sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is owned by corporate 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.