Comfort Systems USA, Inc. (NYSE:FIX) Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors lowered its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 15.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,963 shares of the construction company's stock after selling 531 shares during the quarter. Optimum Investment Advisors' holdings in Comfort Systems USA were worth $955,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Comfort Systems USA by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock valued at $1,603,242,000 after purchasing an additional 67,240 shares in the last quarter. FMR LLC lifted its holdings in Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock valued at $719,645,000 after purchasing an additional 148,493 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Comfort Systems USA by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock valued at $326,409,000 after purchasing an additional 21,406 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Comfort Systems USA by 12.4% in the 4th quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock valued at $198,391,000 after purchasing an additional 51,771 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Comfort Systems USA by 29.5% in the 4th quarter. First Trust Advisors LP now owns 463,790 shares of the construction company's stock valued at $196,675,000 after purchasing an additional 105,756 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Trading Up 1.2%

FIX traded up $6.34 on Friday, hitting $540.11. The company had a trading volume of 263,894 shares, compared to its average volume of 414,667. The firm has a market cap of $19.06 billion, a P/E ratio of 32.40 and a beta of 1.51. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The company's fifty day moving average price is $492.24 and its 200 day moving average price is $427.21. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its 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. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. Comfort Systems USA's revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.69 EPS. As a group, equities analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were given a $0.45 dividend. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Friday, May 16th. Comfort Systems USA's payout ratio is currently 10.80%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Stifel Nicolaus raised their price objective on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday. Wall Street Zen cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, DA Davidson boosted their price target on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $572.60.

Insider Buying and Selling

In other news, CFO William George III sold 12,500 shares of the business's stock in a transaction dated 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 directly owned 47,473 shares of the company's stock, 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 SEC, which can be accessed through the SEC website. Also, Director Vance W. Tang sold 500 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the transaction, the director directly owned 4,998 shares of the company's stock, valued at approximately $2,109,156. This represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,800 shares of company stock worth $18,696,795 over the last 90 days. 1.59% of the stock is owned by insiders.

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.