Deroy & Devereaux Private Investment Counsel Inc. Acquires Shares of 9,669 Comfort Systems USA, Inc. (NYSE:FIX)

Deroy & Devereaux Private Investment Counsel Inc. bought a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 9,669 shares of the construction company's stock, valued at approximately $3,117,000.

A number of other large investors also recently modified their holdings of FIX. Tradewinds Capital Management LLC lifted its holdings in shares of 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 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 purchasing an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 in the last quarter. Colonial Trust Co SC lifted its stake in Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after acquiring an additional 67 shares in the last quarter. Finally, Rothschild Investment LLC lifted its stake in Comfort Systems USA by 106.9% during the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock valued at $39,000 after acquiring an additional 62 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Down 0.1%

Shares of NYSE FIX traded down $0.48 during trading on Monday, hitting $540.50. The stock had a trading volume of 280,634 shares, compared to its average volume of 412,595. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05. The company has a market capitalization of $19.07 billion, a PE ratio of 32.42 and a beta of 1.51. The firm has a fifty day moving average of $479.46 and a two-hundred day moving average of $423.68.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly 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. 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 8.13% and a return on equity of 36.35%. The firm's quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 EPS. As a group, equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS 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. Investors of record on Friday, May 16th were issued a $0.45 dividend. This is an increase 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 0.33%. The ex-dividend date was Friday, May 16th. Comfort Systems USA's payout ratio is 10.80%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FIX. DA Davidson upped their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. 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 note on Friday, May 23rd. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $558.80.

Insider Buying and Selling

In related news, Director Pablo G. Mercado sold 1,800 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the transaction, the director directly owned 7,236 shares of the company's stock, valued at approximately $3,155,619.60. The trade was a 19.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darcy Anderson sold 8,000 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the transaction, the director directly owned 26,535 shares in the company, valued at $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock worth $18,696,795 in the last ninety days. Corporate insiders own 1.59% of the company's stock.

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.