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

Sivia Capital Partners LLC purchased a new stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 766 shares of the construction company's stock, valued at approximately $247,000.

Other hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in shares of Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock valued at $45,000 after buying an additional 31 shares during the last quarter. Savant Capital LLC grew its stake in shares of Comfort Systems USA by 0.8% in the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock worth $1,739,000 after acquiring an additional 33 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in shares of Comfort Systems USA by 1.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company's stock valued at $950,000 after purchasing an additional 40 shares during the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Comfort Systems USA by 32.5% in the fourth quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company's stock valued at $71,000 after purchasing an additional 41 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Comfort Systems USA by 31.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock valued at $57,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

FIX has been the subject of a number of recent analyst reports. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. Stifel Nicolaus upped their target price on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Wall Street Zen upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday. Finally, DA Davidson boosted their price objective on Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $525.80.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $511.11 on Monday. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. 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 business has a fifty day simple moving average of $411.90 and a two-hundred day simple moving average of $418.99. The company has a market capitalization of $18.03 billion, a P/E ratio of 34.98 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.83 billion for 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 company's revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 earnings per share. On average, analysts expect that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were given a $0.45 dividend. The ex-dividend date was Friday, May 16th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.35%. Comfort Systems USA's payout ratio is 10.80%.

Insider Activity at Comfort Systems USA

In related news, CFO William George III sold 12,500 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 47,473 shares in the company, valued at $22,317,532.03. The trade was a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company'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 in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,800 shares of company stock worth $14,642,235. 1.59% of the stock is owned by company insiders.

Comfort Systems USA Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.