Insider Selling: Comfort Systems USA, Inc. (NYSE:FIX) Director Sells 2,700 Shares of Stock

Comfort Systems USA, Inc. (NYSE:FIX) Director Vance W. Tang sold 2,700 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $390.00, for a total transaction of $1,053,000.00. Following the transaction, the director now directly owns 5,498 shares in the company, valued at $2,144,220. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Comfort Systems USA Stock Performance

Shares of FIX opened at $396.16 on Wednesday. The company has a market capitalization of $14.15 billion, a PE ratio of 39.22 and a beta of 1.13. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 0.97. Comfort Systems USA, Inc. has a one year low of $176.33 and a one year high of $424.63. The company’s fifty day moving average price is $373.68 and its 200 day moving average price is $336.89.

Comfort Systems USA (NYSE:FIX) last posted 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 return on equity of 31.49% and a net margin of 7.02%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm earned $2.74 EPS. The firm’s revenue was up 31.5% compared to the same quarter last year. As a group, analysts expect that Comfort Systems USA, Inc. will post 13.79 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.35%. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, November 14th. Comfort Systems USA’s dividend payout ratio is currently 13.86%.

Analyst Ratings Changes

Separately, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, October 12th.

Hedge Funds Weigh In On Comfort Systems USA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norden Group LLC grew its position in Comfort Systems USA by 1,143.4% in the 1st quarter. Norden Group LLC now owns 50,545 shares of the construction company’s stock worth $16,056,000 after purchasing an additional 46,480 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Comfort Systems USA in the first quarter valued at about $550,000. Comerica Bank grew its position in Comfort Systems USA by 34.5% during the first quarter. Comerica Bank now owns 103,730 shares of the construction company’s stock worth $32,956,000 after buying an additional 26,616 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Comfort Systems USA during the first quarter worth about $971,000. Finally, Atria Investments Inc bought a new position in Comfort Systems USA during the first quarter valued at about $1,192,000. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Company 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.