Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,082 shares of the construction company's stock after buying an additional 524 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Comfort Systems USA were worth $2,928,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FIX. Vanguard Group Inc. lifted its stake in Comfort Systems USA by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock worth $1,603,242,000 after acquiring an additional 67,240 shares in the last quarter. FMR LLC increased its stake in Comfort Systems USA by 9.6% during the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after buying an additional 148,493 shares during the period. Geode Capital Management LLC lifted its holdings in Comfort Systems USA by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after buying an additional 21,406 shares in the last quarter. Federated Hermes Inc. boosted its position in Comfort Systems USA by 12.4% in the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock valued at $198,391,000 after buying an additional 51,771 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Comfort Systems USA by 29.5% in the fourth quarter. First Trust Advisors LP now owns 463,790 shares of the construction company's stock worth $196,675,000 after acquiring an additional 105,756 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Comfort Systems USA

In other news, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction dated 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 in the company, valued at approximately $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vance W. Tang sold 500 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the sale, the director directly owned 4,998 shares of the company's stock, valued at $2,109,156. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock valued at $18,696,795 over the last quarter. 1.59% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. DA Davidson increased their price target on Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a research report on Monday. Finally, Stifel Nicolaus lifted their price objective on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $558.80.

Comfort Systems USA Stock Up 2.0%

Shares of NYSE FIX traded up $10.67 during midday trading on Thursday, hitting $540.57. 162,349 shares of the company's stock were exchanged, compared to its average volume of 486,808. The firm's fifty day simple moving average is $473.33 and its 200-day simple moving average is $422.69. The company has a market cap of $19.07 billion, a PE ratio of 32.43 and a beta of 1.51. Comfort Systems USA, Inc. has a twelve month low of $272.92 and a twelve month high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating the consensus estimate 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 net margin of 8.13% and a return on equity of 36.35%. The firm's revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.69 earnings per share. Research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 16th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.33%. Comfort Systems USA's payout ratio is 10.80%.

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.