Hunter Associates Investment Management LLC Grows Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Hunter Associates Investment Management LLC grew its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,056 shares of the construction company's stock after buying an additional 515 shares during the quarter. 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 hedge funds have also recently made changes to their positions in the business. Tradewinds Capital Management LLC raised its position in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock worth $26,000 after acquiring an additional 27 shares during the period. Hillsdale Investment Management Inc. raised its position in Comfort Systems USA by 1.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock worth $950,000 after acquiring an additional 40 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Comfort Systems USA by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock worth $57,000 after acquiring an additional 42 shares during the period. Rakuten Securities Inc. raised its position in Comfort Systems USA by 36.8% in the first quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock worth $52,000 after acquiring an additional 43 shares during the period. Finally, Covestor Ltd raised its position in Comfort Systems USA by 10.8% in the fourth quarter. Covestor Ltd now owns 515 shares of the construction company's stock worth $218,000 after acquiring an additional 50 shares during the period. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Comfort Systems USA Stock Performance

Shares of FIX traded up $6.34 during trading hours on Friday, hitting $540.11. The company's stock had a trading volume of 263,894 shares, compared to its average volume of 414,667. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 32.40 and a beta of 1.51. 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 business has a 50 day simple moving average of $492.24 and a two-hundred day simple moving average of $427.13. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The company's revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company earned $2.69 earnings per share. On average, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 0.33%. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is currently 10.80%.

Insider Activity at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 1,800 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the transaction, the director owned 7,236 shares of the company's stock, valued at approximately $3,155,619.60. The trade was a 19.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darcy Anderson sold 8,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 26,535 shares of the company's stock, valued at approximately $13,448,468.70. This represents a 23.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock valued at $18,696,795 in the last quarter. 1.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on FIX. Stifel Nicolaus lifted their price objective on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday. DA Davidson lifted their price objective 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, 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $572.60.

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.