Redhawk Wealth Advisors Inc. Has $1.36 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Redhawk Wealth Advisors Inc. reduced its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 16.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,208 shares of the construction company's stock after selling 848 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Comfort Systems USA were worth $1,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FIX. Private Trust Co. NA raised its position in shares of Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after acquiring an additional 31 shares during the last quarter. Savant Capital LLC grew its holdings in Comfort Systems USA by 0.8% during the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock worth $1,739,000 after acquiring an additional 33 shares during the period. Hillsdale Investment Management Inc. raised its position in shares of Comfort Systems USA by 1.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock valued at $950,000 after acquiring an additional 40 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Comfort Systems USA by 32.5% in the 4th quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company's stock valued at $71,000 after purchasing an additional 41 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted 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 worth $57,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Up 0.5%

FIX traded up $2.31 during trading on Thursday, hitting $499.01. The company had a trading volume of 52,394 shares, compared to its average volume of 436,174. The firm's 50-day moving average price is $422.63 and its 200 day moving average price is $420.07. The company has a market capitalization of $17.60 billion, a PE ratio of 34.16 and a beta of 1.51. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The business 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 35.28% and a net margin of 7.43%. Comfort Systems USA's quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the company earned $2.69 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued 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 was Friday, May 16th. This represents a $1.80 annualized dividend and a yield of 0.36%. Comfort Systems USA's dividend payout ratio is presently 10.80%.

Analysts Set New Price Targets

FIX has been the topic of a number of recent analyst reports. DA Davidson raised their target price 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 raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price for the company in a research note on Monday, February 24th. Finally, Stifel Nicolaus increased their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $525.80.

Insider Activity at Comfort Systems USA

In other news, Director Darcy Anderson sold 8,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director now owns 26,535 shares in the company, valued at $13,448,468.70. This represents a 23.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction 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. The trade was a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,800 shares of company stock valued at $18,696,795. Corporate insiders own 1.59% of the company's stock.

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.