Congress Asset Management Co. MA Increases Holdings in Comfort Systems USA, Inc. (NYSE:FIX)

Congress Asset Management Co. MA raised its holdings in shares of Comfort Systems USA, Inc. (NYSE:FIX - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,323 shares of the construction company's stock after buying an additional 8,889 shares during the period. Congress Asset Management Co. MA owned about 0.76% of Comfort Systems USA worth $86,202,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. BTC Capital Management Inc. purchased a new stake in Comfort Systems USA during the first quarter valued at about $512,000. Rise Advisors LLC bought a new position in shares of Comfort Systems USA during the first quarter valued at about $44,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth about $266,000. HighPoint Advisor Group LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth about $434,000. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Comfort Systems USA during the fourth quarter worth about $30,151,000. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

FIX has been the subject of a number of analyst reports. StockNews.com upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Wednesday. DA Davidson increased their target price on shares of Comfort Systems USA from $200.00 to $350.00 and gave the stock a "buy" rating in a report on Wednesday, February 28th.

Comfort Systems USA Trading Down 1.9 %

Shares of Comfort Systems USA stock traded down $6.09 during trading on Friday, reaching $316.31. 1,012,872 shares of the stock were exchanged, compared to its average volume of 321,475. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. Comfort Systems USA, Inc. has a 1 year low of $151.89 and a 1 year high of $352.45. The stock's fifty day moving average is $319.64 and its 200 day moving average is $274.97. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 31.32 and a beta of 1.16.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.48 billion. During the same period last year, the business posted $1.51 earnings per share. Comfort Systems USA's quarterly revenue was up 30.8% compared to the same quarter last year. As a group, equities 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 business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were issued a $0.30 dividend. The ex-dividend date was Friday, May 10th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.38%. Comfort Systems USA's dividend payout ratio (DPR) is 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.