Congress Asset Management Co. MA Raises Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Congress Asset Management Co. MA boosted its stake in shares of Comfort Systems USA, Inc. (NYSE:FIXFree Report) by 3.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 271,323 shares of the construction company’s stock after acquiring an additional 8,889 shares during the period. Congress Asset Management Co. MA’s holdings in Comfort Systems USA were worth $86,202,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FIX. Heritage Wealth Management LLC purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at about $246,000. BNP Paribas Financial Markets increased its holdings in shares of Comfort Systems USA by 16.5% in the 4th quarter. BNP Paribas Financial Markets now owns 49,841 shares of the construction company’s stock valued at $10,251,000 after acquiring an additional 7,067 shares during the last quarter. Harvest Investment Services LLC purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at about $511,000. Eagle Asset Management Inc. purchased a new position in shares of Comfort Systems USA in the 4th quarter valued at about $4,875,000. Finally, Raymond James & Associates increased its holdings in shares of Comfort Systems USA by 6.6% in the 4th quarter. Raymond James & Associates now owns 64,985 shares of the construction company’s stock valued at $13,366,000 after acquiring an additional 4,031 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Insiders Place Their Bets

In other news, Director Darcy Anderson sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the sale, the director now directly owns 40,241 shares of the company’s stock, valued at approximately $13,879,120.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Vance W. Tang sold 3,473 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total value of $1,076,630.00. Following the completion of the transaction, the director now directly owns 8,198 shares of the company’s stock, valued at approximately $2,541,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Darcy Anderson sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $344.90, for a total value of $1,207,150.00. Following the completion of the transaction, the director now directly owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,961 shares of company stock valued at $2,622,664. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FIX. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday. DA Davidson raised their price target on Comfort Systems USA from $200.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th.

Get Our Latest Stock Analysis on Comfort Systems USA

Comfort Systems USA Stock Performance

NYSE:FIX traded down $6.09 during mid-day trading on Friday, reaching $316.31. 1,012,872 shares of the stock were exchanged, compared to its average volume of 321,475. The company has a 50 day simple moving average of $319.64 and a 200-day simple moving average of $274.97. The stock has a market capitalization of $11.30 billion, a P/E ratio of 31.32 and a beta of 1.16. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 1 year low of $151.89 and a 1 year high of $352.45.

Comfort Systems USA (NYSE:FIXGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm earned $1.51 EPS. The firm’s revenue for the quarter was up 30.8% on a year-over-year basis. Analysts anticipate that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.38%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, May 10th. Comfort Systems USA’s dividend payout ratio (DPR) is presently 11.88%.

Comfort Systems USA Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Comfort Systems USA (NYSE:FIX)

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