Edgestream Partners L.P. Has $1.66 Million Stake in Comfort Systems USA, Inc. (NYSE:FIX)

Edgestream Partners L.P. raised its position in Comfort Systems USA, Inc. (NYSE:FIX) by 14.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,238 shares of the construction company’s stock after purchasing an additional 661 shares during the period. Edgestream Partners L.P.’s holdings in Comfort Systems USA were worth $1,664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Comfort Systems USA in the 1st quarter valued at about $25,000. Byrne Asset Management LLC acquired a new stake in shares of Comfort Systems USA in the 4th quarter valued at about $26,000. Rise Advisors LLC acquired a new stake in shares of Comfort Systems USA in the 1st quarter valued at about $44,000. Headlands Technologies LLC acquired a new stake in shares of Comfort Systems USA in the 1st quarter valued at about $65,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Comfort Systems USA in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 4.5 %

Shares of NYSE:FIX traded up $13.57 during midday trading on Monday, reaching $317.85. The company had a trading volume of 253,426 shares, compared to its average volume of 404,594. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $318.12 and its 200 day moving average price is $290.69. The stock has a market cap of $11.35 billion, a PE ratio of 31.47 and a beta of 1.15. Comfort Systems USA, Inc. has a 1-year low of $151.89 and a 1-year high of $352.45.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, April 25th. The construction company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.43. Comfort Systems USA had a return on equity of 28.65% and a net margin of 6.51%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company posted $1.51 earnings per share. Comfort Systems USA’s quarterly revenue was up 30.8% on a year-over-year basis. Research analysts forecast that Comfort Systems USA, Inc. will post 12.24 EPS for the current fiscal year.

Comfort Systems USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a $0.30 dividend. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.25. The ex-dividend date was Friday, May 10th. This represents a $1.20 annualized dividend and a dividend yield of 0.38%. Comfort Systems USA’s dividend payout ratio is presently 11.88%.

Insider Activity

In related news, Director Darcy Anderson sold 3,500 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total transaction of $1,207,150.00. Following the sale, the director now owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Vance W. Tang sold 988 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $343.00, for a total transaction of $338,884.00. Following the sale, the director now owns 11,173 shares of the company’s stock, valued at $3,832,339. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Darcy Anderson sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $344.90, for a total value of $1,207,150.00. Following the sale, the director now owns 40,241 shares of the company’s stock, valued at $13,879,120.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,961 shares of company stock valued at $2,622,664. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research note on Wednesday, June 19th.

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.