NorthCrest Asset Manangement LLC Purchases New Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

NorthCrest Asset Manangement LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 938 shares of the construction company's stock, valued at approximately $302,000.

Other hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB increased its stake in Comfort Systems USA by 1,171.1% during the 1st quarter. Handelsbanken Fonder AB now owns 116,137 shares of the construction company's stock worth $37,434,000 after buying an additional 107,000 shares during the period. SG Americas Securities LLC acquired a new position in shares of Comfort Systems USA in the first quarter worth $2,135,000. Dividend Assets Capital LLC purchased a new stake in shares of Comfort Systems USA during the first quarter worth $3,695,000. Abacus FCF Advisors LLC increased its position in shares of Comfort Systems USA by 613.9% during the first quarter. Abacus FCF Advisors LLC now owns 19,040 shares of the construction company's stock worth $6,137,000 after acquiring an additional 16,373 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Comfort Systems USA by 23.1% in the first quarter. GAMMA Investing LLC now owns 789 shares of the construction company's stock valued at $254,000 after acquiring an additional 148 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Insider Buying and Selling

In related news, Director Vance W. Tang sold 500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the transaction, the director now owns 4,998 shares in the company, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now owns 198,046 shares in the company, valued at approximately $85,488,536.36. This trade represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock worth $18,696,795 in the last ninety days. 1.59% of the stock is owned by corporate insiders.

Comfort Systems USA Stock Up 1.6%

Shares of NYSE FIX traded up $7.89 during midday trading on Monday, hitting $500.61. 258,689 shares of the company's stock were exchanged, compared to its average volume of 437,141. The firm's fifty day simple moving average is $430.04 and its 200-day simple moving average is $419.10. The company has a market cap of $17.66 billion, a PE ratio of 34.26 and a beta of 1.51. Comfort Systems USA, Inc. has a twelve month low of $272.93 and a twelve month high of $553.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. 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 prior year, the firm posted $2.69 earnings per share. The firm's revenue was up 19.1% on a year-over-year basis. Research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared 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. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. DA Davidson upped their price target on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a research note on Monday, February 24th. Finally, Stifel Nicolaus increased their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Comfort Systems USA has a consensus rating of "Buy" and a consensus target price of $525.80.

Comfort Systems USA 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.