Congress Asset Management Co. Acquires 8,111 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Congress Asset Management Co. raised its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 107,565 shares of the construction company's stock after acquiring an additional 8,111 shares during the quarter. Congress Asset Management Co. owned approximately 0.30% of Comfort Systems USA worth $34,671,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after acquiring an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 purchasing an additional 77 shares during the period. Colonial Trust Co SC increased its stake in shares of Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after purchasing an additional 67 shares in the last quarter. Rothschild Investment LLC increased its stake in shares of Comfort Systems USA by 106.9% during the first quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock valued at $39,000 after purchasing an additional 62 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Comfort Systems USA by 41.3% during 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 last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Activity

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, May 7th. The shares were 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 approximately $85,488,536.36. The trade was a 7.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the 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 transaction, the director now directly owns 4,998 shares in the company, 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 three months. Insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Sidoti upgraded 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. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday. 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. Finally, Stifel Nicolaus lifted their price target 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, According to data from MarketBeat.com, Comfort Systems USA has an average rating of "Buy" and a consensus target price of $525.80.

Comfort Systems USA Stock Up 1.6%

FIX traded up $7.65 during trading on Wednesday, hitting $495.36. 161,523 shares of the company's stock traded hands, compared to its average volume of 437,033. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09. The company's 50 day simple moving average is $418.63 and its two-hundred day simple moving average is $419.54. 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 stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of 33.83 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data 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 return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period last year, the firm posted $2.69 earnings per share. Comfort Systems USA's revenue was up 19.1% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a $0.45 dividend. The ex-dividend date was Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.36%. Comfort Systems USA's payout ratio is currently 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.