Comfort Systems USA, Inc. (NYSE:FIX) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC lifted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 13.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,583 shares of the construction company's stock after acquiring an additional 5,634 shares during the quarter. WCM Investment Management LLC owned 0.13% of Comfort Systems USA worth $15,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its stake in shares of Comfort Systems USA by 27.7% during the first quarter. Farther Finance Advisors LLC now owns 1,102 shares of the construction company's stock worth $364,000 after purchasing an additional 239 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Comfort Systems USA by 97.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the construction company's stock worth $2,377,000 after purchasing an additional 3,644 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Comfort Systems USA by 256.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 2,040 shares of the construction company's stock valued at $658,000 after purchasing an additional 1,467 shares in the last quarter. Spire Wealth Management boosted its holdings in Comfort Systems USA by 9.8% in the first quarter. Spire Wealth Management now owns 1,005 shares of the construction company's stock valued at $324,000 after purchasing an additional 90 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Comfort Systems USA in the fourth quarter valued at approximately $39,038,000. Institutional investors and hedge funds own 96.51% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FIX shares. Stifel Nicolaus boosted their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Wall Street Zen lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, DA Davidson upped their price objective 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $558.80.

Comfort Systems USA Stock Performance

FIX stock traded up $10.67 during trading on Friday, hitting $540.57. The company had a trading volume of 162,349 shares, compared to its average volume of 412,931. Comfort Systems USA, Inc. has a 1-year low of $272.93 and a 1-year high of $553.09. The firm has a 50-day moving average price of $479.46 and a 200-day moving average price of $423.82. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The firm has a market cap of $19.07 billion, a PE ratio of 32.43 and a beta of 1.51.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share for the quarter, topping the consensus estimate of $3.66 by $1.09. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The company's revenue for the quarter was up 19.1% on a year-over-year basis. During the same period last year, the company earned $2.69 earnings per share. On average, analysts expect 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 was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date was Friday, May 16th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. Comfort Systems USA's payout ratio is currently 10.80%.

Insider Buying and Selling

In other news, Director Darcy Anderson sold 8,000 shares of the stock in a transaction that occurred 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 represents a 23.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the transaction, the insider directly owned 198,046 shares in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock worth $18,696,795 in the last three months. Company insiders own 1.59% of the company's stock.

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.