Comfort Systems USA, Inc. (NYSE:FIX) COO T Mckenna Trent Sells 4,000 Shares

Comfort Systems USA, Inc. (NYSE:FIX) COO T Mckenna Trent sold 4,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $484.81, for a total value of $1,939,240.00. Following the transaction, the chief operating officer now owns 23,990 shares in the company, valued at approximately $11,630,591.90. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Comfort Systems USA Stock Up 0.8 %

Comfort Systems USA stock opened at $495.13 on Tuesday. The firm has a 50 day moving average price of $416.37 and a 200-day moving average price of $354.66. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA, Inc. has a twelve month low of $185.83 and a twelve month high of $500.38. The company has a market capitalization of $17.62 billion, a P/E ratio of 37.88 and a beta of 1.13.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, October 24th. The construction company reported $4.09 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. Comfort Systems USA’s revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.74 earnings per share. As a group, equities analysts predict that Comfort Systems USA, Inc. will post 13.95 EPS for the current year.

Comfort Systems USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.35 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.40 annualized dividend and a yield of 0.28%. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.30. Comfort Systems USA’s dividend payout ratio (DPR) is 10.71%.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management bought a new stake in shares of Comfort Systems USA in the third quarter valued at approximately $28,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Comfort Systems USA during the 3rd quarter valued at $38,000. Opal Wealth Advisors LLC bought a new stake in Comfort Systems USA during the 2nd quarter valued at $41,000. V Square Quantitative Management LLC lifted its position in shares of Comfort Systems USA by 59.5% during the third quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after acquiring an additional 47 shares in the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of Comfort Systems USA in the third quarter valued at $53,000. 96.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FIX. Northcoast Research started coverage on shares of Comfort Systems USA in a research report on Friday. They set a “buy” rating and a $525.00 price target on the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, October 12th. UBS Group raised Comfort Systems USA from a “neutral” rating to a “buy” rating and upped their target price for the company from $396.00 to $525.00 in a report on Tuesday, November 19th. Finally, Stifel Nicolaus assumed coverage on Comfort Systems USA in a report on Friday, November 15th. They set a “buy” rating and a $524.00 price target on the stock. 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, Comfort Systems USA presently has a consensus rating of “Moderate Buy” and a consensus price target of $481.00.

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.