Davidson Capital Management Inc. Has $2.32 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Davidson Capital Management Inc. lifted its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 31,130.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,183 shares of the construction company's stock after acquiring an additional 7,160 shares during the period. Davidson Capital Management Inc.'s holdings in Comfort Systems USA were worth $2,315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc grew its stake in shares of Comfort Systems USA by 257.1% in 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 grew its stake in shares of Comfort Systems USA by 1,925.0% in 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 grew its stake in shares of Comfort Systems USA by 352.6% in 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. Rothschild Investment LLC grew its stake in shares of Comfort Systems USA by 106.9% in 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. Finally, Private Trust Co. NA grew its stake in shares of Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after acquiring an additional 31 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FIX shares. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research note on Monday, February 24th. Stifel Nicolaus lifted their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, DA Davidson lifted their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA has an average rating of "Buy" and a consensus price target of $525.80.

Comfort Systems USA Stock Performance

FIX traded down $0.64 during trading on Friday, reaching $498.38. 770,851 shares of the company's stock were exchanged, compared to its average volume of 437,438. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $445.61 and a 200 day moving average price of $420.31. The company has a market capitalization of $17.58 billion, a P/E ratio of 29.90 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its 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. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company earned $2.69 EPS. The firm's revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, 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 company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.36%. 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 payout ratio is currently 10.80%.

Insider Activity

In other news, Director Vance W. Tang sold 500 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the sale, the director now owns 4,998 shares in the company, valued at approximately $2,109,156. The trade was a 9.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pablo G. Mercado sold 1,800 shares of the business's stock in a transaction 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 completion of the sale, the director now owns 7,236 shares in the company, valued at $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 quarter, insiders have sold 40,800 shares of company stock worth $18,696,795. Corporate insiders own 1.59% of the company's stock.

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.