Hunter Associates Investment Management LLC Raises 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% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,056 shares of the construction company's stock after acquiring 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 quarter.

Other hedge funds also recently bought and sold shares of the company. Tradewinds Capital Management LLC increased its holdings in shares of Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after buying an additional 27 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Comfort Systems USA by 257.1% during the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after buying an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after buying an additional 77 shares during the last quarter. Colonial Trust Co SC increased its holdings in shares of Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after buying an additional 67 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in shares of Comfort Systems USA by 106.9% during the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock worth $39,000 after buying an additional 62 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Trading Down 0.2%

Shares of NYSE:FIX traded down $1.02 during mid-day trading on Thursday, reaching $534.00. 359,087 shares of the company were exchanged, compared to its average volume of 414,023. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05. The firm has a market cap of $18.84 billion, a price-to-earnings ratio of 32.03 and a beta of 1.51. The firm's 50-day simple moving average is $487.78 and its 200 day simple moving average is $425.88. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09.

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 for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The firm's quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company posted $2.69 EPS. Equities research analysts forecast 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. Investors of record on Friday, May 16th were given a dividend of $0.45 per share. The ex-dividend date was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.34%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.80%.

Insider Activity

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of the firm'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 completion of the transaction, the director owned 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO William George III sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total transaction of $5,876,375.00. Following the completion of the transaction, the chief financial officer directly owned 47,473 shares of the company's stock, valued at $22,317,532.03. This represents a 20.84% decrease in their position. 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 in the last three months. 1.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FIX. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Wall Street Zen downgraded shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, DA Davidson raised their price target on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a report on Monday, June 30th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Comfort Systems USA presently has an average rating of "Moderate Buy" and a consensus price target of $558.80.

Comfort Systems USA Company 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.