138 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Purchased by Rise Advisors LLC

Rise Advisors LLC acquired a new stake in Comfort Systems USA, Inc. (NYSE:FIX) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 138 shares of the construction company’s stock, valued at approximately $44,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Byrne Asset Management LLC acquired a new position in Comfort Systems USA during the fourth quarter worth $26,000. VisionPoint Advisory Group LLC purchased a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $59,000. GAMMA Investing LLC acquired a new stake in shares of Comfort Systems USA in the fourth quarter valued at about $61,000. Spire Wealth Management purchased a new stake in Comfort Systems USA during the fourth quarter worth about $61,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Comfort Systems USA during the fourth quarter worth about $76,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Vance W. Tang sold 3,473 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $310.00, for a total transaction of $1,076,630.00. Following the transaction, the director now owns 8,198 shares of the company’s stock, valued at approximately $2,541,380. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Vance W. Tang sold 988 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $343.00, for a total value of $338,884.00. Following the sale, the director now directly owns 11,173 shares of the company’s stock, valued at $3,832,339. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vance W. Tang sold 3,473 shares of the company’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 transaction of $1,076,630.00. Following the transaction, the director now directly owns 8,198 shares of the company’s stock, valued at approximately $2,541,380. The disclosure for this sale can be found here. In the last three months, insiders sold 7,961 shares of company stock valued at $2,622,664. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FIX shares. DA Davidson lifted their price target on shares of Comfort Systems USA from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Wednesday.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $322.40 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $11.52 billion, a P/E ratio of 31.92 and a beta of 1.16. The firm has a 50-day moving average price of $319.46 and a two-hundred day moving average price of $273.49. Comfort Systems USA, Inc. has a twelve month low of $151.89 and a twelve month high of $352.45.

Comfort Systems USA (NYSE:FIX) last issued 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 net margin of 6.51% and a return on equity of 28.65%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the company posted $1.51 EPS. The company’s revenue was up 30.8% on a year-over-year basis. As a group, research analysts expect that Comfort Systems USA, Inc. will post 11.9 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Friday, May 10th. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.25. Comfort Systems USA’s payout ratio is currently 11.88%.

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.