Royal Bank of Canada Raises Stock Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Royal Bank of Canada grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 71.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 47,507 shares of the construction company's stock after acquiring an additional 19,753 shares during the quarter. Royal Bank of Canada owned about 0.13% of Comfort Systems USA worth $20,146,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Consolidated Planning Corp lifted its position in shares of Comfort Systems USA by 49.0% during the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock valued at $2,028,000 after acquiring an additional 1,573 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at $39,038,000. BOCHK Asset Management Ltd bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at $509,000. Flagship Harbor Advisors LLC lifted its position in shares of Comfort Systems USA by 63.3% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,065 shares of the construction company's stock valued at $452,000 after acquiring an additional 413 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Comfort Systems USA during the 4th quarter valued at $1,149,000. 96.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Comfort Systems USA

In related news, CFO William George III sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer now directly owns 47,473 shares in the company, valued at $22,317,532.03. This trade represents a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darcy Anderson sold 3,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $1,294,980.00. Following the completion of the transaction, the director now owns 34,193 shares in the company, valued at approximately $14,759,750.38. This represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,800 shares of company stock worth $14,642,235. Insiders own 1.59% of the company's stock.

Comfort Systems USA Price Performance

FIX traded up $1.80 on Thursday, reaching $478.72. The stock had a trading volume of 133,712 shares, compared to its average volume of 438,048. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The firm has a 50-day moving average of $391.17 and a 200-day moving average of $418.11. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 32.83 and a beta of 1.48.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the previous year, the company posted $2.69 EPS. The business's revenue was up 19.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is 10.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FIX shares. DA Davidson boosted their price target on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Stifel Nicolaus boosted their price target on Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Wall Street Zen cut Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target for the company in a report on Monday, February 24th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $525.80.

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.