PharVision Advisers LLC Takes Position in Comfort Systems USA, Inc. (NYSE:FIX)

PharVision Advisers LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 786 shares of the construction company's stock, valued at approximately $333,000.

A number of other large investors have also made changes to their positions in FIX. Consolidated Planning Corp boosted its stake in Comfort Systems USA by 49.0% in the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock worth $2,028,000 after purchasing an additional 1,573 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Comfort Systems USA in the 4th quarter worth approximately $39,038,000. BOCHK Asset Management Ltd acquired a new stake in Comfort Systems USA in the 4th quarter worth approximately $509,000. HB Wealth Management LLC acquired a new stake in Comfort Systems USA in the 4th quarter worth approximately $292,000. Finally, Flagship Harbor Advisors LLC boosted its stake in 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 purchasing an additional 413 shares in the last quarter. 96.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FIX. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. Stifel Nicolaus increased their price objective on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a report on Friday. Wall Street Zen lowered Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, DA Davidson increased their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of "Moderate Buy" and an average target price of $525.80.

Insider Transactions at Comfort Systems USA

In other news, Director Vance W. Tang sold 500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the sale, the director now owns 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO William George III sold 12,500 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 47,473 shares in the company, valued at $22,317,532.03. The trade was a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,800 shares of company stock valued at $14,642,235 in the last 90 days. 1.59% of the stock is currently owned by company insiders.

Comfort Systems USA Stock Performance

NYSE FIX traded up $8.96 on Friday, reaching $471.20. 261,759 shares of the company's stock traded hands, compared to its average volume of 438,970. The firm has a market cap of $16.62 billion, a price-to-earnings ratio of 32.25 and a beta of 1.48. The stock has a 50 day moving average price of $383.89 and a 200-day moving average price of $417.35. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. 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 (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 7.43% and a return on equity of 35.28%. The firm's quarterly revenue was up 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.69 earnings per share. Equities research analysts predict that Comfort Systems USA, Inc. will post 16.85 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be 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 is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.38%. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.80%.

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.