Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. grew its position in Comfort Systems USA, Inc. (NYSE:FIX) by 11.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,096 shares of the construction company’s stock after acquiring an additional 115 shares during the period. UMB Bank n.a.’s holdings in Comfort Systems USA were worth $353,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Private Trust Co. NA raised its position in shares of Comfort Systems USA by 41.3% in the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after acquiring an additional 31 shares during the period. Savant Capital LLC raised its position in shares of Comfort Systems USA by 0.8% in the fourth quarter. Savant Capital LLC now owns 4,101 shares of the construction company’s stock worth $1,739,000 after acquiring an additional 33 shares during the period. Hillsdale Investment Management Inc. raised its position in shares of Comfort Systems USA by 1.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 2,240 shares of the construction company’s stock worth $950,000 after acquiring an additional 40 shares during the period. V Square Quantitative Management LLC raised its position in shares of Comfort Systems USA by 32.5% in the fourth quarter. V Square Quantitative Management LLC now owns 167 shares of the construction company’s stock worth $71,000 after acquiring an additional 41 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of Comfort Systems USA by 31.1% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 177 shares of the construction company’s stock worth $57,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Down 2.8%

FIX stock opened at $487.53 on Wednesday. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09. The stock has a market capitalization of $17.20 billion, a P/E ratio of 33.37 and a beta of 1.51. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a 50-day simple moving average of $418.63 and a 200-day simple moving average of $419.54.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the company earned $2.69 EPS. Comfort Systems USA’s revenue was up 19.1% compared to the same quarter last year. Equities analysts forecast that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Friday, May 16th. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.40. Comfort Systems USA’s dividend payout ratio is currently 10.80%.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 500 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $422.00, for a total value of $211,000.00. Following the completion of the sale, the director now owns 4,998 shares of the company’s stock, valued at $2,109,156. This represents a 9.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Pablo G. Mercado sold 1,800 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the transaction, the director now owns 7,236 shares in the company, valued at approximately $3,155,619.60. This represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,800 shares of company stock valued at $18,696,795. Corporate insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

FIX has been the subject of a number of research reports. Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson boosted 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 note on Monday, April 28th. Stifel Nicolaus boosted 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 note on Friday, May 23rd. Finally, Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price for the company in a research note on Monday, February 24th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $525.80.

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.