Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 40.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,035 shares of the construction company's stock after acquiring an additional 7,808 shares during the quarter. Asset Management One Co. Ltd. owned about 0.08% of Comfort Systems USA worth $8,729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Parkside Financial Bank & Trust lifted its stake in shares of Comfort Systems USA by 24.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 264 shares of the construction company's stock worth $112,000 after acquiring an additional 52 shares during the period. Private Trust Co. NA lifted its position in 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 period. Illumine Investment Management LLC acquired a new stake in Comfort Systems USA in the fourth quarter valued at about $668,000. US Bancorp DE lifted its position in Comfort Systems USA by 4.4% in the fourth quarter. US Bancorp DE now owns 11,830 shares of the construction company's stock valued at $5,017,000 after purchasing an additional 495 shares during the period. Finally, West Michigan Advisors LLC acquired a new stake in Comfort Systems USA in the fourth quarter valued at about $261,000. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Price Performance

FIX stock opened at $535.04 on Friday. The firm has a 50 day moving average of $462.08 and a 200-day moving average of $421.42. 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 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The company has a market cap of $18.88 billion, a price-to-earnings ratio of 32.10 and a beta of 1.51.

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 the consensus estimate of $3.66 by $1.09. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. Comfort Systems USA's revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 earnings per share. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS 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 given 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 yield of 0.34%. 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%.

Analyst Upgrades and Downgrades

FIX has been the subject of several recent analyst reports. DA Davidson raised their price target on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Finally, Stifel Nicolaus raised their target price on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $525.80.

Insiders Place Their Bets

In other news, Director Darcy Anderson sold 8,000 shares of the business's stock in a transaction on Friday, June 6th. The stock was 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 now directly owns 26,535 shares of the company's stock, valued at $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Vance W. Tang sold 500 shares of the business's stock in a transaction on Thursday, May 1st. The stock was 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 of the company's stock, valued at approximately $2,109,156. This trade represents a 9.09% 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 worth $18,696,795. Insiders own 1.59% of the company's stock.

Comfort Systems USA Company 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.

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