Merit Financial Group LLC Acquires 1,563 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Merit Financial Group LLC boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 144.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,642 shares of the construction company's stock after purchasing an additional 1,563 shares during the period. Merit Financial Group LLC's holdings in Comfort Systems USA were worth $852,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after buying an additional 77 shares in the last quarter. Colonial Trust Co SC increased its stake in Comfort Systems USA by 352.6% in 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. Versant Capital Management Inc raised its holdings in Comfort Systems USA by 257.1% during the first 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 during the period. Johnson Financial Group Inc. lifted its position in shares of Comfort Systems USA by 131.1% in the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock valued at $45,000 after acquiring an additional 59 shares in the last quarter. Finally, Private Trust Co. NA lifted its position 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 valued at $45,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Comfort Systems USA Trading Up 0.9%

Shares of NYSE FIX traded up $4.60 during midday trading on Thursday, hitting $501.30. The company's stock had a trading volume of 188,085 shares, compared to its average volume of 436,696. 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 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market cap of $17.68 billion, a P/E ratio of 34.31 and a beta of 1.51. The business's 50 day moving average is $422.63 and its two-hundred day moving average is $420.07.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm posted $2.69 earnings per share. The business's revenue was up 19.1% compared to the same quarter last year. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current 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 paid a $0.45 dividend. This represents a $1.80 annualized dividend and a 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 dividend payout ratio (DPR) is currently 10.80%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of Comfort Systems USA stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction 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. The trade was a 9.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the sale, the insider now owns 198,046 shares of the company's stock, valued at $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. Insiders sold 40,800 shares of company stock worth $18,696,795 in the last 90 days. 1.59% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. DA Davidson raised 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. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a report on Monday, February 24th. 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 boosted their target price on Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $525.80.

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.