Copeland Capital Management LLC Takes $260,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Copeland Capital Management LLC bought a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 807 shares of the construction company's stock, valued at approximately $260,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Artemis Investment Management LLP raised its position in shares of Comfort Systems USA by 147.4% in the 1st quarter. Artemis Investment Management LLP now owns 248,238 shares of the construction company's stock valued at $80,015,000 after buying an additional 147,885 shares in the last quarter. Penobscot Investment Management Company Inc. acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at approximately $1,210,000. Spire Wealth Management raised its position in shares of Comfort Systems USA by 9.8% in the 1st quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock valued at $324,000 after buying an additional 90 shares in the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of Comfort Systems USA in the 1st quarter valued at approximately $258,000. Finally, Asset Management One Co. Ltd. raised its position in shares of Comfort Systems USA by 40.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 27,035 shares of the construction company's stock valued at $8,729,000 after buying an additional 7,808 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Trading Up 3.7%

Shares of Comfort Systems USA stock opened at $535.04 on Friday. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $18.88 billion, a PE ratio of 32.10 and a beta of 1.51. The firm's 50 day moving average is $462.08 and its 200 day moving average is $421.07.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted 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 net margin of 8.13% and a return on equity of 36.35%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the firm posted $2.69 EPS. The company's revenue for the quarter was up 19.1% compared to the same quarter last year. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.34%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date was Friday, May 16th. Comfort Systems USA's payout ratio is presently 10.80%.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director now directly owns 26,535 shares of the company's stock, valued at $13,448,468.70. The trade was a 23.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the sale, the insider now directly owns 198,046 shares in the company, valued at $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock valued at $18,696,795 in the last ninety days. 1.59% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FIX. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. DA Davidson lifted their price target on shares of 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 shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $525.80.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.