Kingsview Wealth Management LLC Purchases 480 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Kingsview Wealth Management LLC lifted its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 76.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,111 shares of the construction company's stock after buying an additional 480 shares during the quarter. Kingsview Wealth Management LLC's holdings in Comfort Systems USA were worth $358,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FIX. Tradewinds Capital Management LLC grew its holdings in Comfort Systems USA by 49.1% in the 1st 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. Whittier Trust Co. of Nevada Inc. lifted its position in Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after acquiring an additional 37 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Comfort Systems USA by 31.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock valued at $57,000 after purchasing an additional 42 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of Comfort Systems USA by 36.8% in the 1st quarter. Rakuten Securities Inc. now owns 160 shares of the construction company's stock valued at $52,000 after purchasing an additional 43 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Comfort Systems USA by 10.8% in the 4th quarter. Covestor Ltd now owns 515 shares of the construction company's stock valued at $218,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Transactions at Comfort Systems USA

In other news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 198,046 shares of the company's stock, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the completion of the sale, the director directly owned 7,236 shares of the company's stock, valued at $3,155,619.60. This represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,800 shares of company stock worth $18,696,795. Insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Up 22.5%

FIX stock traded up $126.61 during mid-day trading on Friday, hitting $689.44. The stock had a trading volume of 1,254,076 shares, compared to its average volume of 314,589. 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 stock has a market capitalization of $24.32 billion, a price-to-earnings ratio of 35.43 and a beta of 1.51. The company has a fifty day moving average of $514.64 and a 200 day moving average of $435.77. Comfort Systems USA, Inc. has a 1-year low of $272.92 and a 1-year high of $699.39.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a return on equity of 40.97% and a net margin of 9.01%. The firm's revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.74 EPS. On average, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.50 per share. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.29%. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. DA Davidson increased their price target on Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research note on Monday, June 30th. UBS Group upped their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a report on Friday. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $599.60.

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.