Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 39,575.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,318 shares of the construction company's stock after buying an additional 253,677 shares during the period. GAMMA Investing LLC owned 0.72% of Comfort Systems USA worth $81,974,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FIX. Proficio Capital Partners LLC purchased a new stake in Comfort Systems USA during the 4th quarter worth approximately $217,771,000. Norges Bank purchased a new stake in Comfort Systems USA during the 4th quarter worth approximately $196,154,000. JPMorgan Chase & Co. boosted its holdings in shares of Comfort Systems USA by 191.2% during the 4th quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock worth $161,523,000 after purchasing an additional 250,085 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Comfort Systems USA by 824.2% during the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock worth $98,985,000 after purchasing an additional 208,283 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC boosted its holdings in shares of Comfort Systems USA by 307.2% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock worth $87,239,000 after purchasing an additional 155,204 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Trading Up 0.5%

FIX traded up $2.48 during trading hours on Thursday, reaching $501.11. The company's stock had a trading volume of 248,802 shares, compared to its average volume of 435,877. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The stock has a market cap of $17.68 billion, a PE ratio of 34.30 and a beta of 1.48. The business's 50-day moving average is $404.69 and its 200-day moving average is $419.28. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. As a group, equities research 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a $0.45 dividend. The ex-dividend date was Friday, May 16th. This is a boost 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 currently 10.80%.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 12,500 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the transaction, the chief financial officer now directly owns 47,473 shares in the company, valued at $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the company's 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 transaction, the insider now owns 198,046 shares in the company, valued at $85,488,536.36. This trade represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,800 shares of company stock worth $14,642,235. Insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

FIX has been the topic of several recent research reports. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a report on Monday, February 24th. Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Stifel Nicolaus boosted their target price on Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, DA Davidson boosted their target price on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a report on Monday, April 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.