RFG Advisory LLC Buys 982 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

RFG Advisory LLC raised its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 14.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,707 shares of the construction company's stock after buying an additional 982 shares during the quarter. RFG Advisory LLC's holdings in Comfort Systems USA were worth $2,484,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FIX. Vanguard Group Inc. increased its stake in Comfort Systems USA by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock worth $1,603,242,000 after acquiring an additional 67,240 shares during the period. FMR LLC grew its holdings in shares of Comfort Systems USA by 9.6% during the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after purchasing an additional 148,493 shares in the last quarter. Geode Capital Management LLC raised its stake in Comfort Systems USA by 2.9% in the fourth 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. Proficio Capital Partners LLC bought a new stake in Comfort Systems USA during the fourth quarter worth about $217,771,000. Finally, Federated Hermes Inc. grew its stake in Comfort Systems USA by 12.4% during the fourth quarter. Federated Hermes Inc. now owns 467,838 shares of the construction company's stock worth $198,391,000 after buying an additional 51,771 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Insiders Place Their Bets

In other news, CFO William George III sold 12,500 shares of the 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 completion of the sale, the chief financial officer now owns 47,473 shares of the company's stock, valued at approximately $22,317,532.03. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the transaction, the director now directly owns 7,236 shares in the company, valued at approximately $3,155,619.60. The trade was a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,800 shares of company stock valued at $14,642,235 over the last three months. Insiders own 1.59% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FIX. DA Davidson boosted their target price on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. 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 report on Monday, February 24th. Finally, Stifel Nicolaus upped their price objective on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $525.80.

Comfort Systems USA Price Performance

NYSE:FIX traded up $2.48 during trading hours on Thursday, hitting $501.11. The stock had a trading volume of 248,802 shares, compared to its average volume of 436,115. Comfort Systems USA, Inc. has a one year low of $272.93 and a one year high of $553.09. The company has a 50 day simple moving average of $404.69 and a two-hundred day simple moving average of $419.28. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market capitalization of $17.68 billion, a price-to-earnings ratio of 34.30 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $1.09. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The company's revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.69 earnings per share. Research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal 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 given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Friday, May 16th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio (DPR) is presently 10.80%.

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.