Hennion & Walsh Asset Management Inc. Boosts Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Hennion & Walsh Asset Management Inc. increased its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 66.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,148 shares of the construction company's stock after buying an additional 861 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Comfort Systems USA were worth $692,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Comfort Systems USA by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock valued at $1,603,242,000 after acquiring an additional 67,240 shares in the last quarter. FMR LLC raised its holdings in Comfort Systems USA by 9.6% during the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after purchasing an additional 148,493 shares in the last quarter. Geode Capital Management LLC lifted its position in Comfort Systems USA by 2.9% in the fourth 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 period. Proficio Capital Partners LLC purchased a new stake in Comfort Systems USA in the 4th quarter valued at approximately $217,771,000. Finally, Federated Hermes Inc. boosted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Buying and Selling

In related news, Director Darcy Anderson sold 8,000 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the sale, the director now directly owns 26,535 shares in the company, valued at approximately $13,448,468.70. The trade was a 23.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 500 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the transaction, the director now directly owns 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,800 shares of company stock worth $18,696,795. 1.59% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. DA Davidson raised their price target on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a research report on Monday, February 24th. Finally, Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $525.80.

Comfort Systems USA Price Performance

FIX stock traded down $7.69 during midday trading on Monday, hitting $502.83. 497,924 shares of the stock were exchanged, compared to its average volume of 436,975. The stock's 50-day moving average price is $411.90 and its 200-day moving average price is $418.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 34.42 and a beta of 1.51. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its 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 7.43% and a return on equity of 35.28%. The company had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the previous year, the business posted $2.69 earnings per share. The firm's quarterly revenue was up 19.1% compared to the same quarter last year. Research analysts predict that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a dividend of $0.45 per share. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.80%.

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.