Rhumbline Advisers Has $32.16 Million Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Rhumbline Advisers trimmed its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,760 shares of the construction company's stock after selling 959 shares during the period. Rhumbline Advisers owned approximately 0.28% of Comfort Systems USA worth $32,156,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Comfort Systems USA by 23.4% during the 3rd quarter. Barclays PLC now owns 22,848 shares of the construction company's stock worth $8,919,000 after purchasing an additional 4,331 shares in the last quarter. Spire Wealth Management boosted its position in shares of Comfort Systems USA by 12.4% in the fourth quarter. Spire Wealth Management now owns 915 shares of the construction company's stock worth $388,000 after buying an additional 101 shares during the period. Boston Trust Walden Corp grew its holdings in shares of Comfort Systems USA by 40.9% during the fourth quarter. Boston Trust Walden Corp now owns 875 shares of the construction company's stock valued at $371,000 after buying an additional 254 shares in the last quarter. Trust Point Inc. raised its position in Comfort Systems USA by 1.8% during the fourth quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock valued at $775,000 after buying an additional 32 shares during the period. Finally, Retirement Systems of Alabama lifted its stake in Comfort Systems USA by 45.3% in the 4th quarter. Retirement Systems of Alabama now owns 77,949 shares of the construction company's stock worth $33,055,000 after acquiring an additional 24,302 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Vance W. Tang sold 500 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 4,998 shares of the company's stock, valued at $2,109,156. This represents a 9.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the transaction, the director now owns 7,236 shares of the company's stock, valued at approximately $3,155,619.60. This represents a 19.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,800 shares of company stock worth $14,642,235. Insiders own 1.59% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FIX. Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research report on Monday, February 24th. Finally, DA Davidson lifted their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Comfort Systems USA currently has an average rating of "Moderate Buy" and an average price target of $525.80.

Comfort Systems USA Price Performance

NYSE FIX traded up $11.98 during trading hours on Friday, reaching $511.11. 340,928 shares of the company's stock were exchanged, compared to its average volume of 435,499. The firm has a fifty day moving average of $408.27 and a 200-day moving average of $419.63. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The stock has a market cap of $18.03 billion, a PE ratio of 34.98 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.69 EPS. On average, equities research analysts predict 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 given a dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 16th. This represents a $1.80 annualized dividend and a dividend yield of 0.35%. Comfort Systems USA's payout ratio is presently 10.80%.

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.