Congress Asset Management Co. Has $34.67 Million Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Congress Asset Management Co. grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,565 shares of the construction company's stock after purchasing an additional 8,111 shares during the quarter. Congress Asset Management Co. owned about 0.30% of Comfort Systems USA worth $34,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of FIX. EverSource Wealth Advisors LLC lifted its holdings in Comfort Systems USA by 1,925.0% in the 4th 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 last quarter. Colonial Trust Co SC raised its position 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 valued at $36,000 after purchasing an additional 67 shares during the period. Versant Capital Management Inc lifted 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 buying an additional 72 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings in shares of Comfort Systems USA by 131.1% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock worth $45,000 after buying an additional 59 shares during the period. Finally, Private Trust Co. NA grew its stake in Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after buying an additional 31 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Performance

FIX stock traded down $7.69 during trading on Monday, reaching $502.83. 497,924 shares of the stock were exchanged, compared to its average volume of 436,976. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve 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 company has a market capitalization of $17.74 billion, a P/E ratio of 34.42 and a beta of 1.51. The stock has a 50 day simple moving average of $411.90 and a 200-day simple moving average of $418.99.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping 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 return on equity of 35.28% and a net margin of 7.43%. Comfort Systems USA's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 EPS. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.36%. The ex-dividend date was Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is 10.80%.

Insider Activity

In related news, CFO William George III sold 12,500 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the completion of the transaction, the chief financial officer now owns 47,473 shares of the company's stock, valued at $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Vance W. Tang sold 500 shares of Comfort Systems USA stock in a transaction that occurred 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 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. In the last 90 days, insiders sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on FIX shares. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. DA Davidson raised their target price 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, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of "Buy" and a consensus target price 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.