Trust Point Inc. Invests $796,000 in Comfort Systems USA, Inc. (NYSE:FIX)

Trust Point Inc. bought a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 3,869 shares of the construction company's stock, valued at approximately $796,000.

A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its holdings in Comfort Systems USA by 2.3% in the 1st quarter. BlackRock Inc. now owns 6,016,801 shares of the construction company's stock worth $878,212,000 after acquiring an additional 136,122 shares during the period. Vanguard Group Inc. boosted its holdings in Comfort Systems USA by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,898,077 shares of the construction company's stock worth $379,399,000 after acquiring an additional 39,263 shares during the period. Capital World Investors boosted its holdings in Comfort Systems USA by 32.3% in the 1st quarter. Capital World Investors now owns 2,336,939 shares of the construction company's stock worth $208,011,000 after acquiring an additional 570,560 shares during the period. Invesco Ltd. raised its position in shares of Comfort Systems USA by 3.9% in the 3rd quarter. Invesco Ltd. now owns 1,317,146 shares of the construction company's stock valued at $224,455,000 after purchasing an additional 50,001 shares in the last quarter. Finally, State Street Corp raised its position in shares of Comfort Systems USA by 1.5% in the 2nd quarter. State Street Corp now owns 1,241,335 shares of the construction company's stock valued at $203,827,000 after purchasing an additional 18,337 shares in the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

Insider Activity at Comfort Systems USA

In other news, COO T Mckenna Trent sold 14,185 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $278.55, for a total transaction of $3,951,231.75. Following the completion of the sale, the chief operating officer now directly owns 22,644 shares of the company's stock, valued at $6,307,486.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO William George III sold 8,429 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.95, for a total value of $2,351,269.55. Following the completion of the sale, the chief financial officer now directly owns 62,471 shares of the company's stock, valued at approximately $17,426,285.45. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO T Mckenna Trent sold 14,185 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $278.55, for a total value of $3,951,231.75. Following the completion of the sale, the chief operating officer now directly owns 22,644 shares of the company's stock, valued at $6,307,486.20. The disclosure for this sale can be found here. Insiders sold 46,614 shares of company stock valued at $13,739,345 over the last 90 days. 2.48% of the stock is currently owned by corporate insiders.

Comfort Systems USA Stock Performance

FIX traded down $7.86 during trading on Thursday, reaching $312.70. 274,314 shares of the company were exchanged, compared to its average volume of 358,314. The stock has a market cap of $11.16 billion, a P/E ratio of 34.74 and a beta of 1.19. The firm has a 50 day moving average of $279.59 and a 200 day moving average of $219.57. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03. Comfort Systems USA, Inc. has a 52 week low of $127.09 and a 52 week high of $335.25.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The construction company reported $2.55 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.40. Comfort Systems USA had a return on equity of 26.99% and a net margin of 6.21%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business earned $1.54 EPS. The firm's revenue was up 21.5% on a year-over-year basis. On average, sell-side analysts forecast that Comfort Systems USA, Inc. will post 11.42 EPS for the current fiscal year.

Comfort Systems USA Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.00 annualized dividend and a yield of 0.32%. Comfort Systems USA's dividend payout ratio is currently 11.11%.

Wall Street Analysts Forecast Growth

FIX has been the topic of several research reports. StockNews.com raised Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Thursday. UBS Group upped their price target on 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 Comfort Systems USA from $200.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday, February 28th. Finally, KeyCorp initiated coverage on Comfort Systems USA in a research report on Wednesday, January 10th. They set a "sector weight" rating on the stock.

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.