Sunbelt Securities Inc. Buys 491 Shares of Comfort Systems USA, Inc. (NYSE:FIX)

Sunbelt Securities Inc. lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 54.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,386 shares of the construction company's stock after purchasing an additional 491 shares during the quarter. Sunbelt Securities Inc.'s holdings in Comfort Systems USA were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of Comfort Systems USA by 27.7% during the 1st quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock valued at $364,000 after purchasing an additional 239 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Comfort Systems USA by 256.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock worth $658,000 after buying an additional 1,467 shares during the period. Raymond James Financial Inc. acquired a new stake in Comfort Systems USA during the 4th quarter worth approximately $39,038,000. Smartleaf Asset Management LLC boosted its position in Comfort Systems USA by 67.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 152 shares of the construction company's stock worth $65,000 after buying an additional 61 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Comfort Systems USA by 41.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,770 shares of the construction company's stock worth $2,447,000 after buying an additional 1,704 shares during the period. 96.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

FIX has been the topic of several recent research 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 report on Monday, April 28th. Stifel Nicolaus lifted their target price on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $525.80.

Comfort Systems USA Stock Up 3.7%

Shares of NYSE FIX opened at $535.04 on Friday. The company has a market capitalization of $18.88 billion, a P/E ratio of 32.10 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 debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. The company's 50 day moving average price is $462.08 and its 200-day moving average price is $421.07.

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 (EPS) for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The firm 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 8.13% and a return on equity of 36.35%. The company's revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.69 EPS. Equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company 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 of this dividend was Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.34%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is 10.80%.

Insider Transactions at Comfort Systems USA

In other news, CFO William George III sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the transaction, the chief financial officer now owns 47,473 shares in the company, valued at approximately $22,317,532.03. The trade was a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Vance W. Tang sold 500 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the transaction, the director now owns 4,998 shares in the company, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,800 shares of company stock worth $18,696,795. Company insiders own 1.59% of the company's stock.

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.

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