Comfort Systems USA, Inc. (NYSE:FIX) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX) by 23.1% during the first quarter, Holdings Channel.com reports. The fund owned 789 shares of the construction company’s stock after acquiring an additional 148 shares during the period. GAMMA Investing LLC’s holdings in Comfort Systems USA were worth $254,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Private Trust Co. NA grew its position in Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after purchasing an additional 31 shares during the last quarter. US Bancorp DE lifted its stake in shares of Comfort Systems USA by 4.4% during the fourth quarter. US Bancorp DE now owns 11,830 shares of the construction company’s stock worth $5,017,000 after buying an additional 495 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Comfort Systems USA by 67.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 152 shares of the construction company’s stock valued at $65,000 after buying an additional 61 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at $79,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Comfort Systems USA in the 4th quarter valued at $336,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 1.6%

Comfort Systems USA stock opened at $529.83 on Thursday. The business’s 50-day moving average price is $473.33 and its 200 day moving average price is $422.69. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.04. The firm has a market cap of $18.69 billion, a price-to-earnings ratio of 31.78 and a beta of 1.51. Comfort Systems USA, Inc. has a 52 week low of $272.93 and a 52 week high of $553.09.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.69 EPS. As a group, sell-side analysts anticipate that Comfort Systems USA, Inc. will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 0.34%. Comfort Systems USA’s dividend payout ratio is 10.80%.

Analysts Set New Price Targets

FIX has been the subject of a number of research reports. Stifel Nicolaus lifted their price target on 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 increased their price objective on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Wall Street Zen raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, June 7th. Six analysts have rated the stock with a buy rating, According to MarketBeat, Comfort Systems USA presently has a consensus rating of “Buy” and a consensus price target of $558.80.

Insider Activity at Comfort Systems USA

In other news, Director Vance W. Tang sold 500 shares of the firm’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $422.00, for a total transaction of $211,000.00. Following the sale, the director directly owned 4,998 shares in the company, valued at $2,109,156. This trade represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William George III sold 12,500 shares of Comfort Systems USA stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $470.11, for a total value of $5,876,375.00. Following the completion of the transaction, the chief financial officer owned 47,473 shares of the company’s stock, valued at approximately $22,317,532.03. This represents a 20.84% 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 in the last quarter. 1.59% of the stock is currently owned by insiders.

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.