Dividend Assets Capital LLC Invests $3.70 Million in Comfort Systems USA, Inc. (NYSE:FIX)

Dividend Assets Capital LLC acquired a new position in shares of Comfort Systems USA, Inc. (NYSE:FIX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,464 shares of the construction company’s stock, valued at approximately $3,695,000.

A number of other hedge funds also recently made changes to their positions in FIX. Sumitomo Mitsui Trust Group Inc. raised its position in Comfort Systems USA by 15.3% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,260 shares of the construction company’s stock worth $958,000 after purchasing an additional 300 shares during the period. Empowered Funds LLC purchased a new position in Comfort Systems USA in the 4th quarter worth $1,149,000. Entropy Technologies LP raised its position in Comfort Systems USA by 26.3% in the 4th quarter. Entropy Technologies LP now owns 4,801 shares of the construction company’s stock worth $2,036,000 after purchasing an additional 1,000 shares during the period. Kestra Private Wealth Services LLC raised its position in Comfort Systems USA by 2.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 1,826 shares of the construction company’s stock worth $774,000 after purchasing an additional 43 shares during the period. Finally, Savant Capital LLC raised its position in Comfort Systems USA by 0.8% in the 4th quarter. Savant Capital LLC now owns 4,101 shares of the construction company’s stock worth $1,739,000 after purchasing an additional 33 shares during the period. 96.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FIX. Wall Street Zen upgraded shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus lifted their target price 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. DA Davidson lifted their target price on shares of Comfort Systems USA from $440.00 to $465.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Finally, Sidoti upgraded 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 research report on Monday, February 24th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $525.80.

Comfort Systems USA Stock Down 1.5%

NYSE FIX opened at $502.83 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a market capitalization of $17.74 billion, a PE ratio of 34.42 and a beta of 1.51. Comfort Systems USA, Inc. has a 1 year low of $272.93 and a 1 year high of $553.09. The business’s 50-day moving average is $415.11 and its 200 day moving average is $419.07.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.66 by $1.09. The company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. Comfort Systems USA’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the firm earned $2.69 earnings per share. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were paid a $0.45 dividend. The ex-dividend date was Friday, May 16th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 0.36%. Comfort Systems USA’s dividend payout ratio (DPR) is presently 10.80%.

Insider Buying and Selling

In other news, insider Brian E. Lane sold 15,000 shares of Comfort Systems USA stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total transaction of $6,474,900.00. Following the sale, the insider now owns 198,046 shares of the company’s stock, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Darcy Anderson sold 8,000 shares of Comfort Systems USA stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the sale, the director now directly owns 26,535 shares in the company, valued at $13,448,468.70. The trade was a 23.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock valued at $18,696,795 over the last ninety days. 1.59% of the stock is owned by insiders.

About Comfort Systems USA

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.