Diversify Wealth Management LLC Acquires 1,448 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Diversify Wealth Management LLC lifted its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 35.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,529 shares of the construction company's stock after purchasing an additional 1,448 shares during the quarter. Diversify Wealth Management LLC's holdings in Comfort Systems USA were worth $1,782,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FIX. Tradewinds Capital Management LLC lifted its stake in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after buying an additional 27 shares during the period. Versant Capital Management Inc grew its holdings in shares of Comfort Systems USA by 257.1% during 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after buying an additional 77 shares in the last quarter. Colonial Trust Co SC increased its position in shares of Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after purchasing 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. 96.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Stifel Nicolaus boosted their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research note on Friday. Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, DA Davidson upped their target price on Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a research report on Monday, June 30th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $572.60.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the sale, the insider directly owned 198,046 shares of the company's stock, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Vance W. Tang sold 500 shares of the stock in a transaction 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 directly owned 4,998 shares in the company, valued at $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock valued at $18,696,795 over the last 90 days. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Price Performance

Shares of NYSE FIX traded down $2.33 during trading hours on Tuesday, reaching $540.62. 241,714 shares of the stock traded hands, compared to its average volume of 413,587. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The company's 50-day simple moving average is $494.42 and its two-hundred day simple moving average is $427.91. The company has a market capitalization of $19.07 billion, a P/E ratio of 32.43 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company posted $2.69 EPS. Comfort Systems USA's revenue for the quarter was up 19.1% on a year-over-year basis. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.33%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's dividend payout ratio is presently 10.80%.

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.