Hennion & Walsh Asset Management Inc. Has $692,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

Hennion & Walsh Asset Management Inc. raised its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 66.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,148 shares of the construction company's stock after purchasing an additional 861 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Comfort Systems USA were worth $692,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of FIX. Versant Capital Management Inc increased its stake in Comfort Systems USA by 257.1% in the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after purchasing an additional 72 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after purchasing an additional 77 shares in the last quarter. Colonial Trust Co SC increased its stake in Comfort Systems USA by 352.6% in the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after purchasing an additional 67 shares in the last quarter. Rothschild Investment LLC increased its stake in Comfort Systems USA by 106.9% in the first quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock valued at $39,000 after purchasing an additional 62 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Wall Street Analysts Forecast Growth

FIX has been the subject of several research analyst reports. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a report on Monday, February 24th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday. Stifel Nicolaus upped their price target 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. Finally, DA Davidson upped their price target 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Comfort Systems USA presently has an average rating of "Buy" and a consensus target price of $525.80.

Comfort Systems USA Stock Up 1.7%

FIX traded up $8.36 during trading hours on Wednesday, hitting $496.07. 241,948 shares of the company's stock were exchanged, compared to its average volume of 437,690. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The stock's 50-day moving average is $422.63 and its two-hundred day moving average is $420.07. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of 33.95 and a beta of 1.51. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. The firm's revenue was up 19.1% on a year-over-year basis. 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 firm also recently announced 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. This is a boost 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 yield of 0.36%. Comfort Systems USA's dividend payout ratio is presently 10.80%.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Vance W. Tang sold 500 shares of the stock in a transaction 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 completion of the sale, the director now owns 4,998 shares of the company's stock, valued at approximately $2,109,156. This represents a 9.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is owned by insiders.

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.