Insight Wealth Strategies LLC Makes New $2.52 Million Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Insight Wealth Strategies LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,832 shares of the construction company's stock, valued at approximately $2,524,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC grew its position in shares of Comfort Systems USA by 23.4% in the 3rd quarter. Barclays PLC now owns 22,848 shares of the construction company's stock worth $8,919,000 after buying an additional 4,331 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Comfort Systems USA by 33.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,294 shares of the construction company's stock worth $3,517,000 after buying an additional 2,094 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in shares of Comfort Systems USA by 63.3% in the 4th quarter. Flagship Harbor Advisors LLC now owns 1,065 shares of the construction company's stock worth $452,000 after buying an additional 413 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $493,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter worth approximately $360,000. 96.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 12,500 shares of Comfort Systems USA stock in a transaction on Tuesday, May 13th. The stock was 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 now owns 47,473 shares in the company, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the transaction, the insider now owns 198,046 shares of the company's stock, valued at $85,488,536.36. This represents a 7.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,800 shares of company stock worth $14,642,235. 1.59% of the stock is owned by insiders.

Comfort Systems USA Stock Down 0.1%

Shares of NYSE FIX traded down $0.24 during mid-day trading on Friday, hitting $478.59. 322,364 shares of the stock traded hands, compared to its average volume of 439,466. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a market cap of $16.88 billion, a price-to-earnings ratio of 32.76 and a beta of 1.48. The stock has a fifty day moving average price of $395.28 and a 200-day moving average price of $418.31.

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 for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company posted $2.69 earnings per share. The firm's revenue was up 19.1% on a year-over-year basis. Research analysts anticipate 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. 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. The ex-dividend date was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.38%. Comfort Systems USA's payout ratio is presently 10.80%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. DA Davidson lifted their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Wall Street Zen lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Sidoti upgraded Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a research report on Monday, February 24th. Finally, Stifel Nicolaus lifted their price target on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $525.80.

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.