SYM FINANCIAL Corp Takes $213,000 Position in Comfort Systems USA, Inc. (NYSE:FIX)

SYM FINANCIAL Corp acquired a new position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 661 shares of the construction company's stock, valued at approximately $213,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Comfort Systems USA by 1.8% in the 4th 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 in the last quarter. FMR LLC grew its position in Comfort Systems USA by 9.6% in the 4th quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after purchasing an additional 148,493 shares during the last quarter. Geode Capital Management LLC grew its position 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 worth $326,409,000 after purchasing an additional 21,406 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Comfort Systems USA by 12.4% in the fourth 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. Finally, First Trust Advisors LP boosted its holdings in shares of Comfort Systems USA by 29.5% in the fourth quarter. First Trust Advisors LP now owns 463,790 shares of the construction company's stock valued at $196,675,000 after acquiring an additional 105,756 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Trading Up 2.8%

Shares of NYSE:FIX traded up $15.27 during trading on Thursday, hitting $563.18. 503,031 shares of the company's stock were exchanged, compared to its average volume of 301,362. The firm has a 50-day moving average price of $510.31 and a two-hundred day moving average price of $434.24. Comfort Systems USA, Inc. has a 1-year low of $272.92 and a 1-year high of $565.02. The firm has a market cap of $19.87 billion, a P/E ratio of 33.78 and a beta of 1.51. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, beating the consensus estimate of $4.84 by $1.69. Comfort Systems USA had a net margin of 8.13% and a return on equity of 36.35%. Comfort Systems USA's quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.74 earnings per share. Equities analysts predict 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 Thursday, August 14th. Stockholders of record on Monday, August 25th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.36%. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.45. Comfort Systems USA's payout ratio is currently 10.80%.

Insiders Place Their Bets

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the sale, the insider directly owned 198,046 shares of the company's stock, valued at approximately $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO William George III sold 12,500 shares of the company's stock in a transaction on 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 sale, the chief financial officer directly owned 47,473 shares in the company, valued at $22,317,532.03. This trade represents a 20.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,800 shares of company stock valued at $18,696,795 over the last 90 days. 1.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FIX shares. DA Davidson increased their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a research note on Monday, June 30th. Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $572.60.

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.