Harel Insurance Investments & Financial Services Ltd. Buys New Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 17,630 shares of the construction company's stock, valued at approximately $5,683,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Comfort Systems USA by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock valued at $1,603,242,000 after purchasing an additional 67,240 shares during the last quarter. FMR LLC lifted its stake in shares of Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after purchasing an additional 148,493 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Comfort Systems USA by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock valued at $326,409,000 after purchasing an additional 21,406 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Comfort Systems USA by 12.4% in the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock valued at $198,391,000 after purchasing an additional 51,771 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of Comfort Systems USA by 29.5% in the 4th quarter. First Trust Advisors LP now owns 463,790 shares of the construction company's stock valued at $196,675,000 after purchasing an additional 105,756 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Activity at Comfort Systems USA

In other news, Director Pablo G. Mercado sold 1,800 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the transaction, the director owned 7,236 shares in the company, 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 SEC, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 8,000 shares of the business's stock in a transaction dated 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 owned 26,535 shares in the company, valued at approximately $13,448,468.70. The trade was a 23.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,800 shares of company stock worth $18,696,795. Insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Performance

Comfort Systems USA stock traded up $10.67 on Friday, reaching $540.57. 162,349 shares of the stock were exchanged, compared to its average volume of 413,125. The stock has a market cap of $19.07 billion, a PE ratio of 32.43 and a beta of 1.51. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The firm has a fifty day moving average price of $479.46 and a two-hundred day moving average price of $423.76.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.77 billion. During the same quarter in the previous year, the firm posted $2.69 EPS. The business's revenue was up 19.1% compared to the same quarter last year. Sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a dividend of $0.45 per share. 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. This represents a $1.80 annualized dividend and a dividend yield of 0.33%. Comfort Systems USA's payout ratio is presently 10.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday. DA Davidson boosted their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Finally, 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 research report on Friday, May 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $558.80.

Comfort Systems USA 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.