Fred Alger Management LLC Increases Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Fred Alger Management LLC grew its holdings in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,229 shares of the construction company's stock after purchasing an additional 2,053 shares during the period. Fred Alger Management LLC's holdings in Comfort Systems USA were worth $6,882,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Comfort Systems USA by 28.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 126 shares of the construction company's stock valued at $53,000 after purchasing an additional 28 shares during the period. Dakota Wealth Management raised its position in shares of Comfort Systems USA by 3.8% in the fourth quarter. Dakota Wealth Management now owns 788 shares of the construction company's stock valued at $334,000 after purchasing an additional 29 shares during the period. Private Trust Co. NA increased its holdings in Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after acquiring an additional 31 shares during the period. Trust Point Inc. increased its holdings in Comfort Systems USA by 1.8% during the 4th quarter. Trust Point Inc. now owns 1,827 shares of the construction company's stock worth $775,000 after acquiring an additional 32 shares during the period. Finally, Savant Capital LLC increased its holdings in Comfort Systems USA by 0.8% during the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company's stock worth $1,739,000 after acquiring an additional 33 shares during the period. Institutional investors own 96.51% of the company's stock.

Insider Transactions at Comfort Systems USA

In other news, 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 now owns 4,998 shares of the company's stock, valued at $2,109,156. This represents a 9.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Darcy Anderson sold 3,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $1,294,980.00. Following the completion of the transaction, the director now directly owns 34,193 shares in the company, valued at $14,759,750.38. The trade was a 8.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,300 shares of company stock valued at $8,765,860 in the last quarter. Insiders own 1.59% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on FIX. DA Davidson upped their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a "buy" rating in a report on Monday, April 28th. Stifel Nicolaus decreased their target price on shares of Comfort Systems USA from $577.00 to $471.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Sidoti raised shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 target price on the stock in a report on Monday, February 24th. Finally, StockNews.com lowered shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a report on Thursday, April 17th. 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $517.60.

Comfort Systems USA Price Performance

Shares of NYSE:FIX traded down $3.29 during trading on Friday, reaching $435.86. The company had a trading volume of 286,284 shares, compared to its average volume of 440,248. The company has a fifty day moving average of $357.21 and a two-hundred day moving average of $412.60. The stock has a market capitalization of $15.37 billion, a P/E ratio of 29.83 and a beta of 1.48. Comfort Systems USA, Inc. has a 12 month low of $272.93 and a 12 month high of $553.09. 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 (NYSE:FIX - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $1.83 billion for the quarter, compared to analyst estimates 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 for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.69 EPS. Equities research analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be issued a $0.45 dividend. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.41%. Comfort Systems USA's dividend payout ratio is presently 10.80%.

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.