Victory Capital Management Inc. Has $55.63 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Victory Capital Management Inc. increased its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 289.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,571 shares of the construction company's stock after acquiring an additional 128,209 shares during the period. Victory Capital Management Inc. owned approximately 0.49% of Comfort Systems USA worth $55,625,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of FIX. Tradewinds Capital Management LLC raised its stake in Comfort Systems USA by 49.1% in the first quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after buying an additional 27 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after buying an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company's stock valued at $34,000 after purchasing an additional 77 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Comfort Systems USA by 54.4% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock valued at $34,000 after purchasing an additional 37 shares in the last quarter. Finally, Colonial Trust Co SC boosted its holdings in Comfort Systems USA by 352.6% in the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company's stock valued at $36,000 after purchasing an additional 67 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, Director Darcy Anderson sold 8,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the completion of the transaction, the director directly owned 26,535 shares of the company's stock, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Vance W. Tang sold 500 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the transaction, the director directly owned 4,998 shares of the company's stock, valued at approximately $2,109,156. The trade was a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,800 shares of company stock worth $18,696,795 over the last quarter. Insiders own 1.59% of the company's stock.

Comfort Systems USA Stock Down 2.1%

Shares of NYSE:FIX traded down $11.48 during trading on Tuesday, hitting $533.47. The company's stock had a trading volume of 385,638 shares, compared to its average volume of 410,882. 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 fifty-two week low of $272.93 and a fifty-two week high of $559.36. The stock's 50-day moving average price is $503.56 and its two-hundred day moving average price is $431.33. The company has a market capitalization of $18.82 billion, a PE ratio of 32.00 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The firm had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same quarter in the prior year, the firm posted $2.69 earnings per share. Comfort Systems USA's revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, sell-side analysts expect that Comfort Systems USA, Inc. will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a $0.45 dividend. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 0.34%. The ex-dividend date was Friday, May 16th. Comfort Systems USA's dividend payout ratio (DPR) is currently 10.80%.

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.