Sowell Financial Services LLC Buys Shares of 1,848 Comfort Systems USA, Inc. (NYSE:FIX)

Sowell Financial Services LLC acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,848 shares of the construction company's stock, valued at approximately $596,000.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake 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 worth $1,603,242,000 after purchasing an additional 67,240 shares during the period. FMR LLC boosted 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 grew its position in shares of Comfort Systems USA by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock worth $326,409,000 after buying an additional 21,406 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Comfort Systems USA during the 4th quarter worth approximately $217,771,000. Finally, Federated Hermes Inc. increased its stake in shares of 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 in the last quarter. 96.51% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Darcy Anderson sold 8,000 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the transaction, the director now directly owns 26,535 shares of the company's stock, valued at $13,448,468.70. This trade represents a 23.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Vance W. Tang sold 500 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the transaction, the director now 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. In the last ninety days, insiders sold 40,800 shares of company stock valued at $18,696,795. Corporate insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Down 0.1%

FIX stock traded down $0.64 during midday trading on Friday, reaching $498.38. 770,851 shares of the company's stock traded hands, compared to its average volume of 439,740. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The firm's fifty day moving average price is $445.61 and its 200-day moving average price is $420.31. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The company has a market cap of $17.58 billion, a price-to-earnings ratio of 29.90 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.66 by $1.09. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. The firm had revenue of $1.83 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same period last year, the company earned $2.69 earnings per share. The business's revenue was up 19.1% on a year-over-year basis. As a group, sell-side analysts forecast 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 declared 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 of this dividend was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a yield of 0.36%. This is an increase 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

Several research analysts recently issued reports on the stock. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a research note on Monday, February 24th. DA Davidson increased their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a research report on Monday, April 28th. Stifel Nicolaus raised their target price on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, June 7th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $525.80.

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.