Comfort Systems USA, Inc. (NYSE:FIX) Shares Bought by RFG Advisory LLC

RFG Advisory LLC raised its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 14.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,707 shares of the construction company's stock after purchasing an additional 982 shares during the quarter. RFG Advisory LLC's holdings in Comfort Systems USA were worth $2,484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in shares of Comfort Systems USA during the 4th quarter valued at approximately $217,771,000. Norges Bank acquired a new stake in Comfort Systems USA during the fourth quarter worth $196,154,000. GAMMA Investing LLC raised its position in Comfort Systems USA by 39,575.2% in the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock valued at $81,974,000 after purchasing an additional 253,677 shares during the period. JPMorgan Chase & Co. raised its position in Comfort Systems USA by 191.2% in the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock valued at $161,523,000 after purchasing an additional 250,085 shares during the period. Finally, Voya Investment Management LLC lifted its stake in shares of Comfort Systems USA by 824.2% in the 4th quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock valued at $98,985,000 after purchasing an additional 208,283 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FIX has been the topic of several research analyst reports. DA Davidson boosted their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. 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 report on Monday, February 24th. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Buy" and an average price target of $525.80.

Comfort Systems USA Stock Up 2.4%

Shares of FIX traded up $11.98 during mid-day trading on Friday, hitting $511.11. 340,928 shares of the company's stock were exchanged, compared to its average volume of 436,711. The stock's 50-day moving average is $411.90 and its 200-day moving average is $419.88. 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, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The company has a market cap of $18.03 billion, a price-to-earnings ratio of 34.98 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping 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 firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the firm earned $2.69 EPS. The firm's revenue for the quarter was up 19.1% on a year-over-year basis. On average, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal 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 issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.35%. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 12,500 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the completion of the transaction, the chief financial officer now owns 47,473 shares in the company, valued at $22,317,532.03. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were 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 now directly owns 198,046 shares in the company, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,800 shares of company stock worth $14,642,235. Company 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.