Comfort Systems USA, Inc. (NYSE:FIX) Stake Boosted by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,277,669 shares of the construction company's stock after buying an additional 9,766 shares during the period. Vanguard Group Inc. owned 11.98% of Comfort Systems USA worth $728,958,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. lifted its holdings in Comfort Systems USA by 3.4% during the 1st quarter. Citigroup Inc. now owns 37,197 shares of the construction company's stock worth $3,311,000 after purchasing an additional 1,224 shares in the last quarter. Natixis Advisors L.P. increased its stake in shares of Comfort Systems USA by 8.2% in the first quarter. Natixis Advisors L.P. now owns 17,505 shares of the construction company's stock worth $1,558,000 after buying an additional 1,333 shares during the period. Bank of Montreal Can increased its stake in shares of Comfort Systems USA by 35.3% in the first quarter. Bank of Montreal Can now owns 24,736 shares of the construction company's stock worth $2,229,000 after buying an additional 6,454 shares during the period. MetLife Investment Management LLC increased its stake in shares of Comfort Systems USA by 54.7% in the first quarter. MetLife Investment Management LLC now owns 19,337 shares of the construction company's stock worth $1,721,000 after buying an additional 6,837 shares during the period. Finally, Rhumbline Advisers increased its position in Comfort Systems USA by 6.5% during the 1st quarter. Rhumbline Advisers now owns 88,387 shares of the construction company's stock valued at $7,867,000 after purchasing an additional 5,394 shares during the period. Hedge funds and other institutional investors own 94.18% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on FIX shares. UBS Group boosted their price objective on shares of Comfort Systems USA from $208.00 to $254.00 and gave the company a "neutral" rating in a research report on Thursday, February 15th. DA Davidson upped their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a "buy" rating in a research note on Wednesday, February 28th. StockNews.com cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Monday. Finally, KeyCorp started coverage on shares of Comfort Systems USA in a research note on Wednesday, January 10th. They set a "sector weight" rating on the stock.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock traded down $1.71 on Friday, hitting $321.58. 201,039 shares of the company's stock were exchanged, compared to its average volume of 373,235. The company has a 50-day simple moving average of $259.18 and a 200-day simple moving average of $211.46. The stock has a market capitalization of $11.47 billion, a PE ratio of 35.73 and a beta of 1.19. Comfort Systems USA, Inc. has a 1 year low of $127.09 and a 1 year high of $329.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.07 and a current ratio of 1.11.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.40. Comfort Systems USA had a net margin of 6.21% and a return on equity of 26.99%. The company had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the company earned $1.54 EPS. Comfort Systems USA's revenue for the quarter was up 21.5% on a year-over-year basis. As a group, equities analysts anticipate that Comfort Systems USA, Inc. will post 11.42 EPS for the current year.

Comfort Systems USA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.31%. The ex-dividend date was Thursday, March 7th. Comfort Systems USA's payout ratio is currently 11.11%.

Insiders Place Their Bets

In other news, insider Brian E. Lane sold 16,000 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total value of $4,994,080.00. Following the sale, the insider now directly owns 227,926 shares in the company, valued at approximately $71,142,542.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Brian E. Lane sold 16,000 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $312.13, for a total transaction of $4,994,080.00. Following the transaction, the insider now directly owns 227,926 shares in the company, valued at approximately $71,142,542.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO T Mckenna Trent sold 14,185 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the transaction, the chief operating officer now owns 22,644 shares in the company, valued at $6,307,486.20. The disclosure for this sale can be found here. Insiders have sold a total of 46,614 shares of company stock worth $13,739,345 in the last 90 days. 2.48% of the stock is currently owned by corporate insiders.

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.