Oak Thistle LLC Acquires Shares of 1,464 Comfort Systems USA, Inc. (NYSE:FIX)

Oak Thistle LLC acquired 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 SEC. The institutional investor acquired 1,464 shares of the construction company's stock, valued at approximately $621,000.

Other institutional investors also recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in Comfort Systems USA during the 3rd quarter valued at about $28,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Comfort Systems USA during the 3rd quarter valued at about $38,000. V Square Quantitative Management LLC grew its position in Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company's stock valued at $49,000 after purchasing an additional 47 shares during the last quarter. True Wealth Design LLC purchased a new stake in Comfort Systems USA during the 3rd quarter valued at about $53,000. Finally, Contravisory Investment Management Inc. grew its position in Comfort Systems USA by 126.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 152 shares of the construction company's stock valued at $59,000 after purchasing an additional 85 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FIX has been the topic of several research analyst reports. UBS Group upped their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a "buy" rating in a research note on Monday, December 9th. StockNews.com cut shares of Comfort Systems USA from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Stifel Nicolaus initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 15th. They set a "buy" rating and a $524.00 target price on the stock. Finally, Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a "buy" rating and a $525.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $493.50.

Insider Transactions at Comfort Systems USA

In related news, Chairman Franklin Myers sold 12,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chairman now directly owns 106,498 shares of the company's stock, valued at approximately $41,553,389.64. This represents a 10.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Pablo G. Mercado sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $409.46, for a total transaction of $1,023,650.00. Following the completion of the sale, the director now directly owns 9,036 shares of the company's stock, valued at $3,699,880.56. This represents a 21.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,200 shares of company stock worth $15,431,250 in the last quarter. Company insiders own 1.80% of the company's stock.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX traded up $11.35 during trading on Thursday, hitting $505.25. The company's stock had a trading volume of 425,304 shares, compared to its average volume of 387,738. The company has a 50-day moving average of $460.49 and a 200-day moving average of $389.66. Comfort Systems USA, Inc. has a 12 month low of $198.30 and a 12 month 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. The firm has a market cap of $17.98 billion, a price-to-earnings ratio of 38.66 and a beta of 1.23.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.12. Comfort Systems USA had a net margin of 7.18% and a return on equity of 32.74%. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the business earned $2.74 EPS. The business's quarterly revenue was up 31.5% on a year-over-year basis. On average, sell-side analysts expect that Comfort Systems USA, Inc. will post 13.95 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Thursday, November 14th. This is a boost from Comfort Systems USA's previous quarterly dividend 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.