Cypress Advisory Group LLC Invests $338,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Cypress Advisory Group LLC purchased a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,050 shares of the construction company's stock, valued at approximately $338,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Comfort Systems USA by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock worth $1,603,242,000 after purchasing an additional 67,240 shares during the period. FMR LLC boosted its position in shares of Comfort Systems USA by 9.6% during the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after acquiring an additional 148,493 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Comfort Systems USA by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after acquiring an additional 21,406 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Comfort Systems USA during the fourth quarter worth $217,771,000. Finally, Federated Hermes Inc. boosted its position in shares of Comfort Systems USA by 12.4% during the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock worth $198,391,000 after acquiring an additional 51,771 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FIX shares. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. DA Davidson upped their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research report on Monday, February 24th. Finally, Stifel Nicolaus upped 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. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Comfort Systems USA presently has an average rating of "Buy" and an average price target of $525.80.

Comfort Systems USA Price Performance

Comfort Systems USA stock opened at $492.60 on Monday. The company has a market cap of $17.38 billion, a price-to-earnings ratio of 33.72 and a beta of 1.51. The firm's fifty day moving average is $430.04 and its 200 day moving average is $419.10. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. Comfort Systems USA's revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.69 earnings per share. Sell-side analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced 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 represents a $1.80 annualized dividend and a dividend yield of 0.37%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Insider Activity

In related news, Director Vance W. Tang sold 500 shares of the 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 completion of the transaction, the director now directly owns 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the transaction, the director now directly owns 7,236 shares of the company's stock, valued at $3,155,619.60. The trade was a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,800 shares of company stock valued at $18,696,795. 1.59% of the stock is currently owned by company insiders.

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.

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