2,375 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC acquired a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,375 shares of the construction company's stock, valued at approximately $766,000.

A number of other institutional investors have also recently bought and sold shares of FIX. Norges Bank acquired a new stake in Comfort Systems USA during the fourth quarter valued at $196,154,000. GAMMA Investing LLC raised its holdings in Comfort Systems USA by 39,575.2% during the first quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock valued at $81,974,000 after buying an additional 253,677 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Comfort Systems USA by 191.2% during the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company's stock valued at $161,523,000 after buying an additional 250,085 shares in the last quarter. Voya Investment Management LLC raised its holdings in Comfort Systems USA by 824.2% during the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company's stock valued at $98,985,000 after buying an additional 208,283 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC raised its holdings in Comfort Systems USA by 307.2% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 205,723 shares of the construction company's stock valued at $87,239,000 after buying an additional 155,204 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company's stock.

Comfort Systems USA Stock Up 22.5%

NYSE FIX traded up $126.61 on Friday, reaching $689.44. The company had a trading volume of 1,254,076 shares, compared to its average volume of 314,589. The firm has a market capitalization of $24.32 billion, a price-to-earnings ratio of 35.43 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. Comfort Systems USA, Inc. has a 1-year low of $272.92 and a 1-year high of $699.39. The company's fifty day moving average is $514.64 and its 200-day moving average is $435.77.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, July 24th. The construction company reported $6.53 earnings per share for the quarter, topping analysts' consensus estimates of $4.84 by $1.69. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.97 billion. Comfort Systems USA had a net margin of 9.01% and a return on equity of 40.97%. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.74 EPS. On average, research 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.29%. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.45. The ex-dividend date is Thursday, August 14th. Comfort Systems USA's dividend payout ratio is currently 10.28%.

Insider Activity at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 1,800 shares of Comfort Systems USA stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.10, for a total value of $784,980.00. Following the transaction, the director directly owned 7,236 shares of the company's stock, valued at $3,155,619.60. This trade represents a 19.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Vance W. Tang sold 500 shares of Comfort Systems USA stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total transaction of $211,000.00. Following the completion of the transaction, the director directly owned 4,998 shares in the company, valued at $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. Over the last 90 days, insiders sold 40,800 shares of company stock worth $18,696,795. Corporate insiders own 1.59% of the company's stock.

Wall Street Analysts Forecast Growth

FIX has been the topic of several recent research reports. Stifel Nicolaus raised their target price on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a report on Friday, July 11th. DA Davidson lifted their price objective on Comfort Systems USA from $465.00 to $630.00 and gave the company a "buy" rating in a report on Monday, June 30th. UBS Group boosted their price objective on shares of Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $599.60.

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.