Mariner Investment Group LLC Makes New $322,000 Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Mariner Investment Group LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,000 shares of the construction company's stock, valued at approximately $322,000. Comfort Systems USA comprises about 0.1% of Mariner Investment Group LLC's investment portfolio, making the stock its 22nd largest holding.

A number of other large investors also recently modified their holdings of FIX. Tradewinds Capital Management LLC raised its stake 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 boosted its holdings in shares of Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock valued at $32,000 after purchasing an additional 72 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after purchasing an additional 37 shares during the last quarter. Colonial Trust Co SC boosted its holdings in shares of Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after purchasing an additional 67 shares during the last quarter. Finally, Rothschild Investment LLC boosted its holdings in shares of Comfort Systems USA by 106.9% in the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company's stock valued at $39,000 after purchasing an additional 62 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Down 1.5%

FIX traded down $8.01 during trading on Tuesday, reaching $536.94. 217,113 shares of the stock traded hands, compared to its average volume of 409,674. The stock's 50-day simple moving average is $503.56 and its two-hundred day simple moving average is $431.33. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $559.36. The stock has a market cap of $18.94 billion, a price-to-earnings ratio of 32.20 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.

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 analysts' consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion for 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%. Comfort Systems USA's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.69 EPS. As a group, equities research analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently announced 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 of this dividend was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.34%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is 10.80%.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Darcy Anderson sold 8,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $506.82, for a total value of $4,054,560.00. Following the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the completion of the sale, the insider directly owned 198,046 shares in the company, valued at approximately $85,488,536.36. The trade was a 7.04% 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 valued at $18,696,795 in the last three months. 1.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on FIX shares. Wall Street Zen lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Stifel Nicolaus increased their price target on Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, DA Davidson raised their price target on Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a report on Monday, June 30th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus 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.