Vest Financial LLC Raises Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Vest Financial LLC raised its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 55.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,701 shares of the construction company's stock after purchasing an additional 3,118 shares during the period. Vest Financial LLC's holdings in Comfort Systems USA were worth $2,805,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA grew its position in Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after acquiring an additional 31 shares in the last quarter. Savant Capital LLC boosted its holdings 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 purchasing an additional 33 shares during the period. Hillsdale Investment Management Inc. increased its position in shares of Comfort Systems USA by 1.8% during the 4th 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 Comfort Systems USA by 32.5% during the 4th quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company's stock valued at $71,000 after buying an additional 41 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Comfort Systems USA by 31.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company's stock valued at $57,000 after buying an additional 42 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Comfort Systems USA news, Director Vance W. Tang sold 500 shares of the stock in a transaction dated 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 now owns 4,998 shares of the company's stock, valued at $2,109,156. This trade represents a 9.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction that occurred 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 completion of the sale, the insider now owns 198,046 shares of the company's stock, valued at $85,488,536.36. This trade represents a 7.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,800 shares of company stock worth $18,696,795. Insiders own 1.59% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FIX. Stifel Nicolaus upped their price objective on Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Sidoti upgraded 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. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday. Finally, DA Davidson upped their price objective on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $525.80.

Comfort Systems USA Stock Performance

NYSE FIX traded down $13.80 on Tuesday, hitting $487.53. 502,968 shares of the company's stock traded hands, compared to its average volume of 438,096. The firm's 50-day moving average price is $418.63 and its two-hundred day moving average price is $419.54. The firm has a market capitalization of $17.20 billion, a PE ratio of 33.37 and a beta of 1.51. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping analysts' consensus estimates of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business's revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the company earned $2.69 EPS. As a group, analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 16th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.37%. Comfort Systems USA's dividend payout ratio is currently 10.80%.

Comfort Systems USA 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.