Zacks Investment Management Has $3.38 Million Position in Comfort Systems USA, Inc. (NYSE:FIX)

Zacks Investment Management grew its stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 26.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,650 shares of the construction company's stock after purchasing an additional 1,795 shares during the quarter. Zacks Investment Management's holdings in Comfort Systems USA were worth $3,376,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Hollencrest Capital Management bought a new position in Comfort Systems USA in the 3rd quarter worth approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Comfort Systems USA in the 3rd quarter worth approximately $38,000. V Square Quantitative Management LLC lifted its position in Comfort Systems USA by 59.5% in the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company's stock worth $49,000 after purchasing an additional 47 shares during the period. True Wealth Design LLC acquired a new stake in Comfort Systems USA in the third quarter worth approximately $53,000. Finally, Contravisory Investment Management Inc. lifted its position in Comfort Systems USA by 126.9% in the third quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company's stock worth $59,000 after purchasing an additional 85 shares during the period. 96.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FIX shares. Stifel Nicolaus started coverage on Comfort Systems USA in a research report on Friday, November 15th. They issued a "buy" rating and a $524.00 target price for the company. UBS Group upped their target price on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research report on Monday. StockNews.com upgraded Comfort Systems USA from a "hold" rating to a "buy" rating in a research report on Saturday, October 12th. Finally, Northcoast Research started coverage on Comfort Systems USA in a research report on Friday, November 22nd. They issued a "buy" rating and a $525.00 target price for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Comfort Systems USA presently has an average rating of "Moderate Buy" and an average price target of $493.50.

Insider Transactions at Comfort Systems USA

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the transaction, the insider now directly owns 204,205 shares of the company's stock, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO T Mckenna Trent sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $484.81, for a total transaction of $1,939,240.00. Following the transaction, the chief operating officer now directly owns 23,990 shares in the company, valued at $11,630,591.90. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,200 shares of company stock valued at $15,431,250. 1.80% of the stock is owned by insiders.

Comfort Systems USA Price Performance

Shares of NYSE:FIX traded down $34.51 on Monday, reaching $462.49. 344,144 shares of the company traded hands, compared to its average volume of 379,711. The company's 50 day moving average is $438.14 and its 200-day moving average is $366.05. The stock has a market capitalization of $16.46 billion, a PE ratio of 35.39 and a beta of 1.18. Comfort Systems USA, Inc. has a fifty-two week low of $192.06 and a fifty-two week high of $510.79. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02.

Comfort Systems USA (NYSE:FIX - Get Free Report) last released its earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The company's revenue for the quarter was up 31.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.74 earnings per share. As a group, analysts anticipate that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.35 dividend. The ex-dividend date was Thursday, November 14th. This is an increase from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.30%. Comfort Systems USA's dividend payout ratio is 10.71%.

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.