Raymond James Financial Services Advisors Inc. Has $1.01 Million Stock Position in Comfort Systems USA, Inc. (NYSE:FIX)

Raymond James Financial Services Advisors Inc. boosted its stake in Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 131.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,895 shares of the construction company's stock after acquiring an additional 2,780 shares during the period. Raymond James Financial Services Advisors Inc.'s holdings in Comfort Systems USA were worth $1,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new stake in Comfort Systems USA in the second quarter valued at $35,000. Brown Brothers Harriman & Co. raised its holdings in shares of Comfort Systems USA by 2,814.3% in the first quarter. Brown Brothers Harriman & Co. now owns 408 shares of the construction company's stock valued at $36,000 after buying an additional 394 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Comfort Systems USA by 172.9% in the fourth quarter. Meeder Asset Management Inc. now owns 363 shares of the construction company's stock valued at $42,000 after buying an additional 230 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Comfort Systems USA by 2,410.0% in the third quarter. AdvisorNet Financial Inc now owns 251 shares of the construction company's stock valued at $43,000 after buying an additional 241 shares during the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new stake in shares of Comfort Systems USA in the third quarter valued at about $59,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Comfort Systems USA Stock Performance

Shares of Comfort Systems USA stock traded down $3.59 on Monday, reaching $303.99. 235,920 shares of the stock were exchanged, compared to its average volume of 352,805. Comfort Systems USA, Inc. has a 1-year low of $129.77 and a 1-year high of $335.25. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average price of $292.33 and a two-hundred day moving average price of $226.89. The firm has a market capitalization of $10.85 billion, a PE ratio of 33.78 and a beta of 1.19.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings results on Friday, February 23rd. The construction company reported $2.55 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business posted $1.54 earnings per share. The business's revenue was up 21.5% compared to the same quarter last year. As a group, research analysts anticipate that Comfort Systems USA, Inc. will post 11.42 earnings per share for the current fiscal year.

Comfort Systems USA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, March 8th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.00 annualized dividend and a yield of 0.33%. Comfort Systems USA's payout ratio is currently 11.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FIX shares. DA Davidson upped their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, February 28th. KeyCorp started coverage on shares of Comfort Systems USA in a report on Wednesday, January 10th. They issued a "sector weight" rating for the company. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Thursday, April 4th. Finally, UBS Group boosted their price target on shares of Comfort Systems USA from $208.00 to $254.00 and gave the stock a "neutral" rating in a research note on Thursday, February 15th.

Insiders Place Their Bets

In other Comfort Systems USA news, 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 directly owns 22,644 shares in the company, valued at $6,307,486.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Comfort Systems USA news, 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 value of $3,951,231.75. Following the sale, the chief operating officer now owns 22,644 shares of the company's stock, valued at $6,307,486.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO William George III sold 8,429 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $278.95, for a total transaction of $2,351,269.55. Following the completion of the sale, the chief financial officer now directly owns 62,471 shares in the company, valued at approximately $17,426,285.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,614 shares of company stock worth $13,739,345. 2.20% of the stock is owned by company 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.