7,070 Shares in Comfort Systems USA, Inc. (NYSE:FIX) Acquired by Diversified Trust Co

Diversified Trust Co bought a new stake in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,070 shares of the construction company's stock, valued at approximately $2,998,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Commonwealth Equity Services LLC increased its position in Comfort Systems USA by 44.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,063 shares of the construction company's stock valued at $627,000 after purchasing an additional 632 shares during the period. National Bank of Canada FI raised its stake in Comfort Systems USA by 236.5% in the second quarter. National Bank of Canada FI now owns 212 shares of the construction company's stock worth $62,000 after buying an additional 149 shares in the last quarter. Arizona State Retirement System raised its stake in Comfort Systems USA by 1.8% in the second quarter. Arizona State Retirement System now owns 9,990 shares of the construction company's stock worth $3,038,000 after buying an additional 175 shares in the last quarter. Savant Capital LLC lifted its holdings in Comfort Systems USA by 15.8% in the second quarter. Savant Capital LLC now owns 1,917 shares of the construction company's stock worth $583,000 after buying an additional 261 shares during the period. Finally, Caprock Group LLC boosted its position in Comfort Systems USA by 9.8% during the 2nd quarter. Caprock Group LLC now owns 705 shares of the construction company's stock valued at $214,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 96.51% of the company's stock.

Insider Buying and Selling at Comfort Systems USA

In other news, Director Vance W. Tang sold 2,700 shares of the firm's stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total value of $1,053,000.00. Following the transaction, the director now directly owns 5,498 shares in the company, valued at $2,144,220. This trade represents a 32.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Franklin Myers sold 12,000 shares of the company's stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value of $4,682,160.00. Following the sale, the chairman now owns 106,498 shares of the company's stock, valued at approximately $41,553,389.64. This trade represents a 10.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,200 shares of company stock worth $15,431,250. Insiders own 1.80% of the company's stock.

Comfort Systems USA Stock Down 0.6 %

Comfort Systems USA stock traded down $2.58 during mid-day trading on Wednesday, hitting $450.18. The company had a trading volume of 383,363 shares, compared to its average volume of 377,533. Comfort Systems USA, Inc. has a 12 month low of $194.30 and a 12 month high of $510.79. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock's 50 day moving average price is $453.97 and its two-hundred day moving average price is $384.19. The company has a market capitalization of $16.02 billion, a PE ratio of 34.44 and a beta of 1.23.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.97 by $0.12. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. Comfort Systems USA's revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.74 EPS. As a group, sell-side 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This is a boost from Comfort Systems USA's previous quarterly dividend of $0.30. This represents a $1.40 annualized dividend and a yield of 0.31%. Comfort Systems USA's dividend payout ratio is 10.71%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Northcoast Research began 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. Stifel Nicolaus initiated coverage on Comfort Systems USA in a research report on Friday, November 15th. They set a "buy" rating and a $524.00 price objective for the company. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, October 12th. Finally, UBS Group increased their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $493.50.

About Comfort Systems USA

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.