Sivia Capital Partners LLC Invests $247,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Sivia Capital Partners LLC purchased a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 766 shares of the construction company's stock, valued at approximately $247,000.

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

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $506.82, for a total value of $4,054,560.00. Following the sale, the director now owns 26,535 shares of the company's stock, valued at $13,448,468.70. This represents a 23.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were 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. This trade 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 have sold 40,800 shares of company stock worth $18,696,795. Insiders own 1.59% of the company's stock.

Comfort Systems USA Trading Up 0.9%

Comfort Systems USA stock traded up $4.60 during midday trading on Thursday, reaching $501.30. The stock had a trading volume of 188,085 shares, compared to its average volume of 436,696. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of 34.31 and a beta of 1.51. Comfort Systems USA, Inc. has a 52-week low of $272.93 and a 52-week high of $553.09. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $422.63 and a 200 day moving average of $420.07.

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 for the quarter, topping the consensus estimate 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 business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company earned $2.69 earnings per share. The company's quarterly revenue was up 19.1% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.36%. 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%.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of analyst reports. DA Davidson lifted their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. 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. Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Finally, Stifel Nicolaus raised their price target on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target 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.