Secure Asset Management LLC Makes New Investment in Comfort Systems USA, Inc. (NYSE:FIX)

Secure Asset Management LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,379 shares of the construction company's stock, valued at approximately $2,056,000.

A number of other large investors have also recently made changes to their positions in FIX. Proficio Capital Partners LLC bought a new position in shares of Comfort Systems USA in the fourth quarter valued at $217,771,000. Norges Bank bought a new position in shares of Comfort Systems USA in the fourth quarter valued at $196,154,000. GAMMA Investing LLC lifted its stake in shares of 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 buying an additional 253,677 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 buying an additional 250,085 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Comfort Systems USA by 824.2% in the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock valued at $98,985,000 after buying an additional 208,283 shares in the last quarter. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Up 2.4%

Shares of FIX stock traded up $11.98 on Friday, hitting $511.11. The stock had a trading volume of 340,928 shares, compared to its average volume of 436,711. The business has a 50 day moving average of $411.90 and a 200 day moving average of $419.88. The stock has a market cap of $18.03 billion, a price-to-earnings ratio of 34.98 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA, Inc. has a 12-month low of $272.93 and a 12-month high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, beating the consensus estimate 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 revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.69 earnings per share. As a group, analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed 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 represents a $1.80 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio (DPR) is 10.80%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FIX. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday. DA Davidson raised their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Sidoti upgraded 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 report 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 company a "buy" rating in a report on Friday, May 23rd. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Comfort Systems USA has a consensus rating of "Buy" and a consensus price target of $525.80.

Insider Buying and Selling

In related news, CFO William George III sold 12,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were 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 in the company, valued at approximately $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 198,046 shares of the company's stock, valued at $85,488,536.36. This trade represents a 7.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,800 shares of company stock worth $14,642,235. 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.