Hunter Associates Investment Management LLC Increases Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Hunter Associates Investment Management LLC raised its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 7.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,056 shares of the construction company's stock after purchasing an additional 515 shares during the period. Hunter Associates Investment Management LLC's holdings in Comfort Systems USA were worth $2,274,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after buying an additional 77 shares during the period. Tradewinds Capital Management LLC lifted its stake in shares of Comfort Systems USA by 49.1% during the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after buying an additional 27 shares during the period. Colonial Trust Co SC lifted its stake in shares of Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after buying an additional 67 shares during the period. Versant Capital Management Inc lifted its stake in shares of Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after buying an additional 72 shares during the period. Finally, Johnson Financial Group Inc. lifted its stake in shares of Comfort Systems USA by 131.1% during the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock valued at $45,000 after buying an additional 59 shares during the period. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Activity

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the transaction, the director directly owned 26,535 shares of the company's stock, valued at $13,448,468.70. This trade represents a 23.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the transaction, the director directly owned 4,998 shares of the company's stock, valued at $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 a total of 40,800 shares of company stock worth $18,696,795 over the last three months. 1.59% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on FIX. DA Davidson increased their price target on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. Stifel Nicolaus increased 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. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Comfort Systems USA has a consensus rating of "Moderate Buy" and an average target price of $558.80.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $531.30 on Thursday. The company's fifty day simple moving average is $487.78 and its 200-day simple moving average is $425.88. Comfort Systems USA, Inc. has a 52 week low of $272.92 and a 52 week high of $553.09. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04. The company has a market cap of $18.74 billion, a PE ratio of 31.87 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results 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 firm 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 firm's quarterly revenue was up 19.1% on a year-over-year basis. As a group, equities research analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were paid 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 was Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 0.34%. Comfort Systems USA's payout ratio is 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.

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