Dynamic Advisor Solutions LLC Increases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Dynamic Advisor Solutions LLC boosted its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 256.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,040 shares of the construction company's stock after acquiring an additional 1,467 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in Comfort Systems USA were worth $658,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA grew its stake in shares of Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after acquiring an additional 31 shares during the period. Hillsdale Investment Management Inc. boosted its holdings in Comfort Systems USA by 1.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock worth $950,000 after purchasing an additional 40 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Comfort Systems USA by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock worth $57,000 after purchasing an additional 42 shares during the last quarter. Covestor Ltd grew its holdings in shares of Comfort Systems USA by 10.8% in the fourth quarter. Covestor Ltd now owns 515 shares of the construction company's stock worth $218,000 after acquiring an additional 50 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in Comfort Systems USA by 24.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 264 shares of the construction company's stock valued at $112,000 after acquiring an additional 52 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Pablo G. Mercado sold 1,800 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.10, for a total value of $784,980.00. Following the transaction, the director now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $211,000.00. Following the sale, the director now directly owns 4,998 shares of the company's stock, valued at approximately $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 have sold 40,800 shares of company stock worth $18,696,795 in the last three months. Company insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Performance

Shares of FIX stock traded up $3.58 during trading hours on Thursday, reaching $498.95. 465,378 shares of the company traded hands, compared to its average volume of 437,990. The firm has a 50-day moving average price of $439.40 and a 200 day moving average price of $420.23. The company has a market cap of $17.60 billion, a P/E ratio of 29.93 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $4.75 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 company had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter last year, the business earned $2.69 EPS. The firm's revenue was up 19.1% compared to the same quarter last year. As a group, sell-side analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 0.36%. This is an increase 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 (DPR) is presently 10.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Stifel Nicolaus boosted their price target on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. DA Davidson raised their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock 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 target price for the company in a research 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 research report on Saturday, June 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $525.80.

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.