Sherbrooke Park Advisers LLC Acquires Shares of 990 Comfort Systems USA, Inc. (NYSE:FIX)

Sherbrooke Park Advisers LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 990 shares of the construction company's stock, valued at approximately $420,000.

Several other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock worth $34,000 after purchasing an additional 77 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Comfort Systems USA by 183.3% in the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company's stock worth $36,000 after purchasing an additional 55 shares in the last quarter. Colonial Trust Co SC grew its stake in Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock worth $36,000 after buying an additional 67 shares during the last quarter. Private Trust Co. NA grew its stake in Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after buying an additional 31 shares during the last quarter. Finally, Johnson Financial Group Inc. increased its position in Comfort Systems USA by 131.1% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company's stock valued at $45,000 after buying an additional 59 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the transaction, the insider now owns 198,046 shares of the company's stock, valued at $85,488,536.36. The trade was a 7.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vance W. Tang sold 500 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $422.00, for a total value of $211,000.00. Following the sale, the director now directly owns 4,998 shares in the company, valued at approximately $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,800 shares of company stock valued at $14,642,235 over the last 90 days. Insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus raised 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. DA Davidson increased 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 report on Monday, April 28th. Wall Street Zen cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $525.80.

Comfort Systems USA Stock Performance

Shares of FIX stock traded up $4.92 during mid-day trading on Friday, reaching $467.16. The stock had a trading volume of 79,521 shares, compared to its average volume of 521,736. Comfort Systems USA, Inc. has a 1-year low of $272.92 and a 1-year high of $553.09. The firm has a market cap of $16.48 billion, a price-to-earnings ratio of 32.01 and a beta of 1.48. 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 business's fifty day moving average is $381.25 and its 200-day moving average is $417.08.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its 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 prior year, the firm earned $2.69 earnings per share. Comfort Systems USA's revenue for the quarter was up 19.1% on a year-over-year basis. On average, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.39%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio is presently 10.80%.

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.