Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 256.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,040 shares of the construction company's stock after purchasing an additional 1,467 shares during the period. Dynamic Advisor Solutions LLC's holdings in Comfort Systems USA were worth $658,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its position in Comfort Systems USA by 97.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock worth $2,377,000 after purchasing an additional 3,644 shares during the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at $780,000. NorthCrest Asset Manangement LLC purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at $302,000. Handelsbanken Fonder AB boosted its holdings in shares of Comfort Systems USA by 1,171.1% in the 1st quarter. Handelsbanken Fonder AB now owns 116,137 shares of the construction company's stock valued at $37,434,000 after acquiring an additional 107,000 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Comfort Systems USA in the 1st quarter valued at $2,135,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stifel Nicolaus upped their price objective 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. 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 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. Finally, Sidoti raised 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $525.80.

Comfort Systems USA Stock Performance

NYSE FIX traded down $0.64 during mid-day trading on Friday, reaching $498.38. 770,851 shares of the stock were exchanged, compared to its average volume of 437,438. The business's 50 day moving average is $445.61 and its 200-day moving average is $419.75. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The company has a market capitalization of $17.58 billion, a P/E ratio of 29.90 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) 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 the consensus estimate of $1.77 billion. During the same period in the prior year, the firm posted $2.69 earnings per share. The firm's quarterly revenue was up 19.1% compared to the same quarter last year. On average, 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 company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 16th. 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 yield of 0.36%. Comfort Systems USA's dividend payout ratio is 10.80%.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the transaction, the insider now directly owns 198,046 shares in the company, 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 hyperlink. Also, Director Darcy Anderson sold 8,000 shares of the company's stock in a transaction on 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 transaction, the director now owns 26,535 shares of the company's stock, valued at $13,448,468.70. This represents a 23.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,800 shares of company stock valued at $18,696,795. Corporate insiders own 1.59% of the company's stock.

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.