Vest Financial LLC Has $2.81 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Vest Financial LLC increased its position in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 55.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,701 shares of the construction company's stock after purchasing an additional 3,118 shares during the quarter. Vest Financial LLC's holdings in Comfort Systems USA were worth $2,805,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Consolidated Planning Corp raised its holdings in shares of Comfort Systems USA by 49.0% in the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company's stock valued at $2,028,000 after purchasing an additional 1,573 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Comfort Systems USA in the 4th quarter valued at about $39,038,000. Empowered Funds LLC bought a new stake in shares of Comfort Systems USA in the 4th quarter valued at about $1,149,000. Kestra Investment Management LLC raised its holdings in shares of Comfort Systems USA by 28.1% in the 4th quarter. Kestra Investment Management LLC now owns 3,480 shares of the construction company's stock valued at $1,476,000 after purchasing an additional 763 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Comfort Systems USA by 67.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 152 shares of the construction company's stock valued at $65,000 after purchasing an additional 61 shares during the period. 96.51% of the stock is owned by institutional investors.

Comfort Systems USA Stock Performance

FIX traded up $11.98 on Friday, reaching $511.11. The company had a trading volume of 340,928 shares, compared to its average volume of 436,711. Comfort Systems USA, Inc. has a fifty-two week low of $272.93 and a fifty-two week high of $553.09. The stock has a market cap of $18.03 billion, a P/E ratio of 34.98 and a beta of 1.51. The company's fifty day moving average is $411.90 and its 200 day moving average is $419.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its 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. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business posted $2.69 EPS. The business's revenue was up 19.1% compared to the same quarter last year. As a group, analysts predict 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 announced 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's dividend payout ratio is presently 10.80%.

Wall Street Analyst Weigh In

FIX has been the topic of a number of research reports. Stifel Nicolaus upped their price target on shares of Comfort Systems USA from $471.00 to $512.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. DA Davidson upped their price target on shares of Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a research note on Monday, April 28th. Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research note on Monday, February 24th. Finally, Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Comfort Systems USA presently has a consensus rating of "Buy" and a consensus price target of $525.80.

Insiders Place Their Bets

In related news, Director Vance W. Tang sold 500 shares of the 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William George III sold 12,500 shares of the stock in a transaction that occurred 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 now owns 47,473 shares in the company, valued at $22,317,532.03. This represents a 20.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,800 shares of company stock worth $14,642,235 in the last quarter. Corporate insiders own 1.59% of the company's stock.

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.