Dividend Assets Capital LLC Makes New Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Dividend Assets Capital LLC acquired 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 (SEC). The fund acquired 11,464 shares of the construction company's stock, valued at approximately $3,695,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in FIX. Sumitomo Mitsui Trust Group Inc. raised its holdings in Comfort Systems USA by 15.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,260 shares of the construction company's stock worth $958,000 after purchasing an additional 300 shares in the last quarter. Empowered Funds LLC bought a new position in Comfort Systems USA in the fourth quarter worth about $1,149,000. Entropy Technologies LP raised its holdings in Comfort Systems USA by 26.3% in the fourth quarter. Entropy Technologies LP now owns 4,801 shares of the construction company's stock worth $2,036,000 after purchasing an additional 1,000 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in Comfort Systems USA by 2.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 1,826 shares of the construction company's stock worth $774,000 after purchasing an additional 43 shares in the last quarter. Finally, Savant Capital LLC raised its holdings in Comfort Systems USA by 0.8% in the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock worth $1,739,000 after purchasing an additional 33 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Stock Down 1.7%

Shares of FIX traded down $8.65 during mid-day trading on Friday, hitting $492.60. 335,630 shares of the company traded hands, compared to its average volume of 437,161. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $17.38 billion, a PE ratio of 33.72 and a beta of 1.51. The business has a 50 day moving average of $426.43 and a 200 day moving average of $420.12.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Comfort Systems USA's revenue for the quarter 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. Equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.37%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the sale, the director now owns 26,535 shares in the company, valued at approximately $13,448,468.70. This represents a 23.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Vance W. Tang sold 500 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the sale, the director now owns 4,998 shares in the company, valued at approximately $2,109,156. This represents a 9.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,800 shares of company stock worth $18,696,795 over the last quarter. Insiders own 1.59% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on FIX shares. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. DA Davidson upped their price objective 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. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. Finally, Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $525.80.

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.