2,995 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Acquired by Convergence Investment Partners LLC

Convergence Investment Partners LLC acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,995 shares of the construction company's stock, valued at approximately $965,000.

Several other hedge funds have also bought and sold shares of FIX. Tradewinds Capital Management LLC boosted its position in Comfort Systems USA by 49.1% in the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after purchasing an additional 27 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after purchasing an additional 72 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after acquiring an additional 37 shares during the last quarter. Colonial Trust Co SC increased its stake in shares of 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 acquiring an additional 67 shares during the last quarter. Finally, Rothschild Investment LLC increased its position in shares of Comfort Systems USA by 106.9% during the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock worth $39,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Trading Up 22.5%

Comfort Systems USA stock traded up $126.61 during midday trading on Friday, reaching $689.44. 1,254,076 shares of the stock traded hands, compared to its average volume of 314,589. The company has a 50-day simple moving average of $514.64 and a two-hundred day simple moving average of $435.77. Comfort Systems USA, Inc. has a 12-month low of $272.92 and a 12-month high of $699.39. The firm has a market cap of $24.32 billion, a PE ratio of 35.43 and a beta of 1.51. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a return on equity of 40.97% and a net margin of 9.01%. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $1.97 billion. During the same period last year, the business posted $3.74 EPS. Comfort Systems USA's revenue for the quarter was up 20.1% on a year-over-year basis. Research analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Thursday, August 14th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.28%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FIX. Stifel Nicolaus raised their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. UBS Group raised their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday. DA Davidson raised their price objective on Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $599.60.

Insiders Place Their Bets

In other news, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the transaction, the director owned 7,236 shares in the company, valued at approximately $3,155,619.60. This trade represents a 19.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 500 shares of Comfort Systems USA stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the transaction, the director owned 4,998 shares of the company's stock, valued at $2,109,156. The trade was a 9.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,800 shares of company stock worth $18,696,795. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Company 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.